Property held jointly
Property held jointly passes to the remaining owners outside of the will. If you wish your share of the property to pass to others then it needs to be held as ‘Tenants in Common’. (Please see ‘Severance of Tenancy’ below.)
Severance of Tenancy (Tenants in Common)
As mentioned in Property above, this service is linked to the Will so that your share of your property can go to the beneficiaries named in your Will. A Trust is created in the Will to ensure that the remaining spouse or partner cannot lose their home. This can also be used to prevent the home being lost through payment of care fees, and on a second marriage or relationship, it ensures that the family of the deceased cannot be disinherited.
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