It has become fashionable for couples to visit their family lawyer and request that old titles to land be transferred from one of the spouses (usually the husband) into the names of both spouses as joint tenants. The reason most frequently given is that they have heard it is much cheaper and easier to administer an estate when titles are registered jointly.

While the latter statement is usually true, it is certainly not a black and white issue. There are valid reasons why a couple ought to hesitate before they go to the expense of conveying their titles.

First, there is the immediate cost to convey titles into the joint tenancy. The Land Titles Office charges $20.00 plus $2.00 per $1,000.00 of value of the property being conveyed. In addition there is a similar amount for solicitors' fees.

Second, although an application by a joint tenant is easier and cheaper -it is not free! Some people seem to think that upon the death of one of the title holders, the other joint tenant must simply send their title to the Land Titles Office and a new one would be issued in their name. Unfortunately, a formal application must be prepared together with an affidavit exhibiting a death certificate, all at some cost.

Third, the underlying assumption to the transferring of titles seems to be that the spouse who is acquiring the interest will outlive her (or his) spouse. What if a husband transfers title into joint names with his spouse, only to have his spouse die first? First he incurred the cost of placing titles in joint names, and now he has the additional cost of making an application as surviving joint tenant to obtain the title back. I can just imagine a client berating his lawyer for all the inconvenience and expense he has incurred to get the title back into his own name when it was in his name alone in the first place. If only one could know for certain who would outlive whom. If one could foresee the future, the best answer would be to have the first to die (before he dies) convey title into the survivor's name alone!

Fourth, most people die without owning any land because they sell prior to the death of either spouse. It may be a sale to a son or daughter or a sale simply to raise some extra cash to keep them in their senior years. But if one plans on selling the land before one dies - and manages to do so - the cost of conveying into joint names is obviously wasted.

Fifth, there is the Goods and Services Tax. Canadian Customs & Revenue Agency has indicated it would not

insist upon registration or payment of the Goods and Services Tax upon registration of title into joint names where the transferee is a spouse of the transferor. But the latter is only an administrative decision that could change without much warning, and certain other conditions must first be met. Accordingly, caution in this area must be exercised.

Sixth, when titles are in joint names it creates an additional complexity when drawing the couple's Wills. The complexity arises because one can no longer say with certainty who will own the land at the time of death except that it will be the last to die. Accordingly, if a specific bequest is desired of the land, it would be necessary to deal with the bequest in both Wills. If the parties died at the same time, the yet-to-be proclaimed Survivorship Act would require the probating of both estates!

Seventh, although the cost of administering most estates is more than an application by surviving joint tenant, there is no guarantee that in an ever changing world that will be the case ten years from now.

Finally, a more important consideration in estate planning has always been the role of income tax. Although the administration of an estate may cost 2 1/2% of the value of the estate, Canadian Customs & Revenue Agency can take as much as 50% of a person's earnings year after year in income tax. It was not that many years ago when many couples were transferring titles out of joint names into the name of one spouse so that the other could establish and pay into a Registered Home Ownership Savings Plan. Now, some title holders are considering a transfer of their land into the name of their spouse to trigger a taxable disposition in order to utilize the Capital Gains Exemption. Many people anticipate the repeal of the Capital Gains Exemption - especially as it relates to farm land.

Most couples purchasing homes, and occasionally business property, would take title in their joint names. Whether one incurs the expense of conveying titles into joint names when it is already in the name of one of the spouses depends upon the individual's circumstances. There is no doubt that for some senior couples who plan to hold onto their land at least until the death of one of them, transferring title into joint names is a good idea.

However, before a decision is made in this regard, one ought to consider all the factors and would be well advised to consult with their family lawyer.