Wills : Property
Usually the most important asset that we own is our home, matrimonial or otherwise. It is important to note that if you are married or part of a civil relationship and you own the property together there are two ways in which that ownership could have been legally owned and registered:
Joint Tenants - this means that the property is owned jointly and that in the event of the death of one of the partners to the relationship the survivor will automatically inherit the deceased's share.
Tenants in Common - this means that whilst the property is owned together the survivor will not automatically inherit the deceased's share. This will only occur if the deceased leaves their share of the property to the surviving partner in their Will.
Information on how the property is owned between two people is available for a small fee through your local Land Registry. |