Legal Limbo: Ontario Court Says No to Resulting Trusts – You Can’t Have Your Cake and Eat It Too!
In the recent case of Falsetto v. Falsetto, 2023 ONSC 1351[1], Justice Bell decides on the issue of whether a resulting trust can be established in a situation where property title is placed in a third party’s name, primarily to comply with the Planning Act[2]. This case highlights the importance of documenting intentions when transferring property to…