DIY will query

maryotuam

I have written a simple will leaving everything to my husband (witnessed, dated etc).
We are joint owners of our house which should be paid after my death by our endowment policy. My half is worth about £80,000 and I have no other assets.

Should I die soon, would my OH have to get the house valued or will he automatically get my share. We don't want (absolutely refuse) to use a solicitor. I just need to know what usually happens in simple cases like this.

shykins

ok i dont want to get too complicated here but it depends on whether u hold the house as joint tenants or tenants in common

usually when you buy the house it would be set up so that the house will simply 'go' to your OH...

you would need sight of the deeds to check this out

HTH

shykins

sorry just reakised i didnt explain that properly.. here is the difference between the two

If two people own a house as "joint tenants", then, when one of them dies, the other person will automatically become owner of the whole house (regardless of the terms of the deceased owner's will). A married couple will usually choose to own their home as joint tenants.

if two people own their home as "tenants in common", each person only owns a share in the home (usually quantified according to their contributions to the purchase price). When one tenant in common dies, his or her share will pass into their estate and be dealt with by the personal representatives

hope thats a bit clearer

maryotuam

Thanks Shykins.
I'm not 100% sure but I think we are the former. I could ring the mortgage company to find out. Thanks for the info.

maryotuam

http://www.thinkwill.co.uk/

If you have a very simple will to write, and have done plenty of research on the matter you can take the risk of doing your own will using this free template.
I hope this link works.