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Land Joint Tenants 0r Instructions In Will - Which Takes Precedence?

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Comments

  • Alter_ego
    Alter_ego Posts: 3,842 Forumite
    Part of the Furniture 1,000 Posts Name Dropper


    Perhaps make sure all parties understand what will happen. If that isn't what mum actually wants to happen, change the ownership from joint tenants to tenants in common - easy to do and Bill doesn't have to agree.
    Without Bill's signature this will not happen
    I am not a cat (But my friend is)
  • Mojisola
    Mojisola Posts: 35,574 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Alter_ego said:
    Perhaps make sure all parties understand what will happen. If that isn't what mum actually wants to happen, change the ownership from joint tenants to tenants in common - easy to do and Bill doesn't have to agree.
    Without Bill's signature this will not happen
    The other owner doesn't have to agree to a severance of a joint tenancy.
  • Marcon
    Marcon Posts: 15,994 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    Alter_ego said:


    Perhaps make sure all parties understand what will happen. If that isn't what mum actually wants to happen, change the ownership from joint tenants to tenants in common - easy to do and Bill doesn't have to agree.
    Without Bill's signature this will not happen
    Yes it will. He doesn't have to agree, as previously stated. See https://www.gov.uk/joint-property-ownership/change-from-joint-tenants-to-tenants-in-common for how to do it.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The land does not form part of Mrs Smith's estate, Bill keeps the land as he is the remaining owner. Everything else she has is 'estate' and is split 50:50.
    It does form part of  Mrs Smith's   taxable estate.
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