The Perils of Joint Tenancy with Children
A recent case decided by the Supreme Court of British Columbia, Eng (Re), demonstrates the risk parents take when adding their children to title to their property in joint tenancy. Adding a child as a joint tenant on…
If Artwork can’t be sold should it valued at $0?
A recent article in the New York Times covers an interesting position taken by the IRS in relation to a piece of artwork entitled “Canyon” and created by Robert Rauschenberg (the “Artwork”). The “sculptural combine” Artwork includes a…