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Lucke Law

As a small specialized practice, we focus on client satisfaction. Our philosophy is that we need to provide each client with the best customer service possible. This is done by assuring every client that their matter is of utmost importance to our office. We are conveniently located in City View Centre on the corner of 15th and McIntyre with plenty of free parking

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Feb
09

Affidavit for Reduced Fee Transaction

Topics: Real Estate

I recently gave a client a real estate quote for transferring title from the spouse's sole name into joint names.   I was surprised when the client said that another firm had quoted three times as much for Land Titles transfer fees.

When transferring title and one of the names on title remains the same, Land Titles will usually charge one third the standard fee.   This happens often when parties seperate and one spouse comes off the title and the other remains...

Nov
30

Risks of Giving Money to your child

Topics: Real Estate

Parents often want to help their children buy their first house.  Often they give their child a large amount of money towards the purchase.   The child then makes the regular monthly mortgage payments.

The problem is that if the child divorces, half the money you gave your child then goes to their ex-spouse.  This is not the parent's usual intention.

The only way to avoid this problem is to transfer money to your child as a loan instead of a gift.  The terms and conditions of the loan will have to be in writing and signed by your child and their spouse...

Jul
17

Holograph Wills

Topics: ,

We see from our website that somebody has been searching for information on holograph wills.  

Section 8 of The Wills Act, 1996, states: 

Holograph Wills

8. A holograph will, wholly in the handwriting of the testator and signed by him or her, may be made without any further formality or any requirement as to the presence of or attestation or signature by a witness.

In Saskatchewan holograph wills are still legal hoewever we dont recommend them as there are many pieces of legislation to contemplate when preparin your will...

Jun
30

Misrepresentation on Property Disclosure Statement

Topics: General

We occasionally receive calls from home buyers who discover that there are problems with the house they just bought.  Often the problem relates to water in the basement and the Property Condition Disclosure Statement (PCDS) from the Seller states that there are no known issues.

The first thing to do is contact your Realtor and see if there is anything the Seller is willing to do to compensate you.

If the Seller is not willing to compensate you, your only remedy is to sue the Seller for misrepresentation...

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