This is sometimes required to enable a share of jointly owned property to pass by Will. Most people own their homes as Joint Tenants. Joint Tenants collectively own 100% of the property rather than each owning a share. If a Joint Tenant dies, their share automatically passes to their co-owner(s). This happens even if they had a valid Will giving it to someone else. Tenants-in-Common each own a share of the value of a property. When you own a share of a property as a Tenant-in-Common, your share of the property passes according to your Will. If you don’t have a valid Will which gifts the property, it will pass according to the laws of intestacy (the laws that state who receives what when there is no Will). We can research how you own your property. If appropriate, we’ll sever the Joint Tenancy on your behalf, transforming your manner of ownership to Tenants in Common.
Chosen Inheritance is an expert legal services firm operating primarily in the field of Willwriting and Estate Planning. However, we’ll be happy to refer you to a specialist in another area of the law. Please click here.
