Severance Of Tenancy
Lots of people imagine they can gift their share of a house via their Will.
Most commonly, people own their home jointly this would mean that on death, the property becomes solely owned by the surviving joint owner. The surviving owner is then free to do as they please.
Severance of tenancy is the legal transaction that changes the ownership into tenants in common each owning 50% and thus allowing that 50% to be disposed of in your Will as you wish.
If you want to know more about what we do, please call us on: 01302 884680 or you can contact us online.
Society of Will Writers
We are members of the The Society of Will Writers.