Talk of The Villages Florida - View Single Post - Canadians-buying home in name of trust?
Thread: Canadians-buying home in name of trust?
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Old 03-22-2011, 08:58 AM
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Originally Posted by mikesheila View Post
we have just bought a lot in the villages and are getting a home built. however a lawyer in canada that specializes in US law is telling us that we need to set up a trust and buy the home through the trust in order to avoid estate taxes. In Canada if one spouse dies, it automatically passes to the other spouse. Not so in the states if you are not an american citizen. has anyone else heard that we should buy through a trust?
I was told by my Canadian real estate lawyer that as long as our Florida home is purchased as "joint tenants" and not as "tenants in common", that the home would automatically pass to the other spouse.

I've heard it said previously that a home should be purchased through a trust. I look forward to hearing more about this from Canadians who have consulted a lawyer that specializes in US law.

This will be a great discussion topic for our new club "Loonies and Toonies" .. which is meeting for the first time in April!
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