Understanding Transfer Of Joint Assets When One Partner Dies.

If you jointly own property with your partner, such as a home, bank account, or other assets, their share automatically transfers to you upon their death. Responsibility for the taxes associated with that joint property transfers as well. In order to formalise the transfer of any assets out of joint names and into your name, a Survivorship Application must be prepared and filed. Cohen Lawyers will not only handle the Survivorship Application process for you - we will ensure that you understand the associated financial and tax implications.