With permission from the author, I am posting this very clear and concise description of the process from start to finish. The author is well-known Edmonton real estate lawyer Darren Richards. I have known Darren for several years and we personally use his services for most of our Edmonton area real estate transactions as well as the private lending that we personally provide to Northern Alberta borrowers. And when my Capital Region clients need a real estate lawyer Darren is one of a very short list who I will refer them to. Read Darren’s blog post here
All through human history, in one way or another, adults have cared for their elderly parents in some fashion, from sharing housing to food and financial assistance. What I am now seeing is that this is sometimes a triple-decker sandwich, with Boomers helping their parents, their grown children and their grown grand-children. The stats on this are surprising…