# Understanding Estate Planning: Transferring Real Estate to Beneficiaries

## Article Overview
In a recent piece by the Financial Post, lawyer Edward Olkovich addresses the complex issue of leaving real estate to beneficiaries in a will. The scenario presented involves a landlord wanting to leave their entire estate, including a sixplex property, to two tenants with certain conditions attached. Olkovich warns about the potential pitfalls and challenges that can arise from such arrangements.

## Frequently Asked Questions

### Can a will be enforced like a contract?
No, a will is not a contract, and the terms and conditions outlined in a will may not be enforceable in the same way as a contract.

### What are the risks of leaving real estate to tenants in a will?
Transferring real estate to beneficiaries under a will means transferring legal and expense obligations to individuals who may not be willing or able to satisfy them. This can lead to disputes, court battles, and financial challenges for the beneficiaries.

### How can one ensure a smooth transfer of real estate to beneficiaries?
Consulting with a knowledgeable estate planning attorney can help you navigate the complexities of transferring real estate to beneficiaries. They can provide guidance on the legal implications, tax consequences, and potential challenges that may arise.

## Conclusion
Transferring real estate to beneficiaries under a will requires careful consideration of all the legal, financial, and practical implications involved. It is essential to seek professional advice to ensure that your wishes are carried out smoothly and effectively. By understanding the potential challenges and risks, you can make informed decisions when it comes to estate planning and leaving assets to your loved ones.