Tenants in Common - RX1

nxdmsandkaskdjaqd

I am struggling to get my head around this Trust Deed part of the process. The document states:

""Send the form and trust deed to HM Land Registry’s Citizen Centre.""

My questions are:

1. Do you have to always send a Trust Deed along with the form?
2. What are the alternative/options to the Trust Deed?
3. Your stated that "Joint owners can enter into a trust deed which is one of the options referred to in the online guidance linked to above". Where are these options reference in the document?

Sorry for not get the point.

Land_Registry

You only need to get your head around he trust deed part of the process if there is a trust deed

You seem to be asking the same series of Qs again so I would suggest that you need to see a solicitor and explain to them what your exact situation is and what it is you wish to do

Issue of JT or TIC is a complex one and the registration process is not the sole deciding factor in how you hold it

Touchstone_2

My Wife and I had decided change our will and change from joint ownership to tenants in come. I started to shop around solicitors for a price. 3 solicitors quoted a price for two wills of £275 +VAT. On top of that, an additional a fee of £150 +VAT. This for severing the joint ownership and creating tenants in common. A 4th solicitor surprised me by advising me that he could do this for us, at the same prices, but added that in his experience it was such a change was waste of money. His reason was that a tenant in common agreement usually fails to give the measure of protection that one thought it would e.g. Future care needs.
I asked what the alternative was. There is no alternative!
Our Will making is now on hold. If such arrangements are dodge I am puzzled why others had not mentioned a potential problem. Is it just simply that solicitors just give clients what they ask for and not advise other wise?
Can anyone support the solicitors opinion on tenants in common? Is there a rational alternative?

Millerdog

Hope you don't mind me jumping on the band wagon but you mentioned care home fees. One parent is going into a care home as a self funder. The other wishes to change property to tenants in common so if they die before the care home occupant , they can ensure that their will is amended so that their legacy goes to grandchild and not on care home fees. Would this be the correct action ?