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Severance of Joint Tenancy
If you jointly own your home with your partner/spouse, it may be owned by you both as either joint tenants or tenants in common. If the property is held by you as Joint Tenants, the practical affect of this is that should one of you die, the property would pass to the other automatically independent of any provision that may have been made in a Will. Alternatively if the property is owned by you both as Tenants in Common, upon the death of one of you the property would pass in accordance with the Will of the deceased; or, if there is no Will, in accordance with the rules of intestacy. If the property is held by you both as joint tenants, the ownership can be changed so that you own the property as Tenants in Common as severance of the joint tenancy. We can establish the basis upon which you hold the property by means of a Search at the Land Registry. If the property is held by you both as joint tenants, we can arrange for the joint tenancy to be severed if you so wish. Also at this stage we would also suggest that you consider making a Will. To take advantage of MK Legal's Will Writing Service, all you have to do is complete the Questionnaire and return it to us at:- MK Legal On receipt of your completed Questionnaire, we will contact you to obtain any additional information to help us gain a better understanding of your circumstances. Download our Will Writing Form To find out how MK Legal can help you make the right decisions, call 01604 828282 or email |
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MK Legal is part of and a trading name of Franklins Solicitors LLP. Franklins Solicitors LLP is a Limited Liability Partnership and is authorised and regulated by the Solicitors Regulation Authority, SRA No: 382080. Registered in England under Company No: OC303900, VAT No: 365 919316.A list of members is available for inspection at the Registered Office at our Northampton Branch. |