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Tenants in Common

bobo58
bobo58 Posts: 1 Newbie
in Pensions, annuities & retirement planning
My Wife and I are in our mid Fifties, we have no children.

We are about to review our Will. Is there any advantage to becomming tenants in Common?

We have no mortgage and our house is in joint names.

Bobo58

Comments

  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    It depends on your own preferences really.

    You would each own half the house.

    Do you both want your assets to go to the same people/cats home.

    You could leave your half to your side of the family, albeit with a proviso that your wife stays in it rent free for the remainder of her life and vice verse.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    depends upon what you want to happen when you die
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Diescuss with your wife. Then head to the Wills/law forum for advice. Not really a pension issue.
  • snowcat53
    snowcat53 Posts: 602 Forumite
    The above post has been reported as an illegal advert
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I dont think it's illegal but against MSE rules.
    But I know what you mean, I think theres another one floating about somewhere too.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • chesky369
    chesky369 Posts: 2,590 Forumite
    He's been on three other threads too. I've challenged him about it and reported it also.
This discussion has been closed.
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