Paul Adam on Wills and Estates: If a family member has put money into an investment in your name and you have co-signed on changes to the investment, does the investment belong to you?
The answer will very often depend on what you and your family member intended. Did they put the investments in your name with the expectation that you would hold it for their benefit, as a convenience, or was it done with the intention that the money was to belong to you?
Where there is a dispute, Ontario’s Courts will look at the documents or agreements you signed, the intentions of everyone involved and the surrounding circumstances to determine ownership interests.
- Paul Adam, Toronto
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