re-land registry

GDB2222

Many jobs are not jeopardised by bankruptcy.

joe134

GDB2222 wrote: »

Then, rather unusually, it's a joint tenancy.

Yes, absolutely, I thought joint tennants would be the norm, not unusual ? Mine is, but thinking of changing to TIC for inheritance purposes,and trust funds for grandkids.
JT in this case, to me, is a good thing ?

joe134

GDB2222 wrote: »

Many jobs are not jeopardised by bankruptcy.

That,s a chance I wasn,t prepared to take, AND, when I did it, she was expecting half of spanish townhouse, which at the time was £95k,in FEB, reduced from £179k, but again, as you see, her OH has pulled another flanker, pre-planned I think, and she,s got £10k, and no paperwork etc.
She thought, was led to believe, he would go and live in spain again, they did for 3 years, but, he wants the lot,I believe he still has all of spain, and wants the house here too, and is trying to force her out.
This guy is one right *********
I want to see him get his comeuppance, but, first, my daughter, away from him.

Moonface

joe134 wrote: »

Yes, absolutely, I thought joint tennants would be the norm, not unusual ?

I agree. The vast majority of proprietors are joint tenants. When the land is held as tenants in common, this is detailed in the Proprietorship Register as already mentioned. But if the land is held as joint tenants there will be no entry detailing this.

GDB2222

I'm surprised that the majority are joint tenancies, but I'll bow gracefully to your judgement. It's certainly unusual in my experience.

Moonface

GDB2222 wrote: »

I'm surprised that the majority are joint tenancies, but I'll bow gracefully to your judgement. It's certainly unusual in my experience.

I've worked in this field for more years than I care to remember. I see registers every day and in my experience the majority are joint tenants.

kingstreet

I would guess the bulk of joint purchases are carried out by those in a relationship of some sort, who would wish to see their share pass to their partner on their early death.

Joint tenancy facilitates that with the survivor becoming sole owner on death with little fuss.

Under the same circumstances, tenancy in common requires a will and the need for probate, leading to possible delays in resolution.

joe134

GDB2222 wrote: »

I'm surprised that the majority are joint tenancies, but I'll bow gracefully to your judgement. It's certainly unusual in my experience.

Hi GDB, Now I think I know, pretty sure it,s JT, but not 100%, I,m going to let the solicitors handle it, and see how it goes, and will keep all posted on the progress ,if any.
I appreciate everyones input.

GDB;As a favour, because I think this thread is compromised by OH,by her pc,would you please oblige me and delete "I think you made a mistake by paying to sort out your daughter's X debts.;"from your reply to me?
This will then be deleted.as you can see, i,ve edited some;
I said he was devious, and just playing safe, my fault for posting specifics in the first place.:beer:

joe134

kingstreet wrote: »

I would guess the bulk of joint purchases are carried out by those in a relationship of some sort, who would wish to see their share pass to their partner on their early death.

Joint tenancy facilitates that with the survivor becoming sole owner on death with little fuss.

Under the same circumstances, tenancy in common requires a will and the need for probate, leading to possible delays in resolution.

Hi kingstreet, that,s what I thought.
I have a will, and am thinking of TIC, for IHT reasons, and I,ve studied it, prior to Osbornes hike in IHT, then let it stand .
I will rethink my position now, or when I think I /OH would benefit from TIC.it,s very complicated to set up, and trusts as well, and quite expensive, as you possibly know.set my own lpa,s up, that was a headache , but saved me hundreds of pounds , rather than have a solicitor do it.

kingstreet

I introduce to a specialist firm for estate planning.

They charge £1,500 for two wills and two trusts and handle the transfer to TiC. I've heard fees quoted of more than £2,500 for the same thing.

As well as potential IHT avoidance, the estate plan guards against care-fee claims (subject to the usual caveat about the need for care being foreseeable), creditor attack, spousal remarriage and child's marriage breakdown.