Create a recommendation for your client who is searching for ways to avoid probate and provide for his family. At the moment he has sole title with no designated beneficiaries for the following:

Main family home (value $365,000; original cost $87,000)

Rental property (duplex) (value $298,000; original cost $250,000)

RRSP ($43,000; capital gains $8,700)

Pension fund ($124,000)

1. Advise your client on whether he should or should not consider:

Joint tenancy

Beneficiary designation

Inter vivos trust

2. For each of the three options listed above, create a table and provide:

a. Definitions

b. Restrictions Advantages

c. Disadvantages

3. Last, provide your final recommendation.