01200 856 010
trusts@blueberrywills.co.uk

5. Sever Joint Tenancy

£350.00

Category:

Description

Why Would I Want to Sever a Joint Tenancy?

  • If you own a property with one or more other co-owners and you hold the property as joint tenants then on your death it will pass to the surviving joint tenants regardless of what you state in your will. You may not want the other co-owners to receive your share on your death.
  • By severing the joint tenancy you are making the co-owners tenants-in-common instead of joint tenants, and therefore you’re able to leave your share of the property to anyone you like.
  • You may have inherited a property with your brothers and sisters as joint tenants but would prefer your share of the property to go to your spouse or children. That will only happen if you sever the joint tenancy with your brothers and sisters.
  • You may have purchased your principal place of residence or on it an investment property with your current spouse or partner as joint tenants. However if you have children from a previous relationship and you wish to provide them with an inheritance from the property then you will need to sever the joint tenancy with your current spouse or partner. Otherwise it will go to them regardless of what you say in your will.
  • You may have separated from your spouse or partner and no longer want them to receive a property that you own with them as joint tenants. By severing the joint tenancy you can then specify in your will who gets your interest in the property.