Comments on: Joint investements http://www.bankruptcy-canada.ca/bankruptcy/2009/03/joint-investements.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Ted Michalos, CA trustee http://www.bankruptcy-canada.ca/bankruptcy/2009/03/joint-investements.html#comment-93866 Ted Michalos, CA trustee Wed, 01 Apr 2009 12:25:14 +0000 http://www.bankruptcy-canada.ca/bankruptcy/2009/03/joint-investements.html#comment-93866 Your comment that you "recently found out" about the joint investments is somewhat suspect - you normally have to provide ID and sign forms to create these accounts, but we'll let that go for now... I suspect your mother did this as a form of "estate planning". If she can prove the funds originated with her and that she set the accounts up jointly as part of her estate plan then there likely won't be a problem. The safest thing to do will be to take your name off of these accounts (and be prepared to prove the points I just listed). Have your mother talk to a lawyer if she is at all concerned. Your comment that you “recently found out” about the joint investments is somewhat suspect – you normally have to provide ID and sign forms to create these accounts, but we’ll let that go for now…

I suspect your mother did this as a form of “estate planning”. If she can prove the funds originated with her and that she set the accounts up jointly as part of her estate plan then there likely won’t be a problem. The safest thing to do will be to take your name off of these accounts (and be prepared to prove the points I just listed).

Have your mother talk to a lawyer if she is at all concerned.

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