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While there is a Federal Legislation that enables certain recipients of real estate to maintain the decedent’s mortgage intact, there isn’t a such regulation with respect to the decedent’s owners insurance.
Don Campbell, senior analyst with the Actual Property Investment Community, mentioned political confusion shall be a factor over the next six months, as consumers look ahead to the NDP authorities to set coverage — notably for key industries in Alberta. Typically you immediately inherit actual property upon the dying of the owner
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