Is Your Property Still Safe After You Get Sued?

About

It takes years to build wealth, and it can disappear overnight. A tenant gets hurt, a business deal goes sideways, a partnership falls apart. In this Forward in 60, Quan sits down with Jeff Dixon, partner at Duncan Craig LLP and recognized by Best Lawyers in Canada for corporate and real estate law. Jeff explains how to prevent the fire before it starts: when a corporation makes sense, why he sets up a holding company above an operating company, why a paid-off home is a target for creditors, and the agreement, about $5,000 per owner, that would have saved a successful pizza business from $200,000 in legal fees. Whether you're an employee, a business owner or a real estate investor, start with one step: take an inventory of what's in your name, and what belongs somewhere else. General information only, not legal advice. Jeff practises law in Alberta, and rules differ by province. Speak with a qualified lawyer about your situation.