Severing Tenants in Common ownership

nanapop1977

We are planning to remake our wills shortly and in order to do this, need to revert to being Joint Tenants. 
Can anyone tell me if this is straightforward to do yourself and if so how much it costs? Our solicitor's fee for this is £180, so just wondering if it would a good idea to do it ourselves. 
Thanks

mrschaucer

Well, this is how it's done - you need to decide whether you are able to do it all correctly.
https://www.gov.uk/joint-property-ownership/change-from-tenants-in-common-to-joint-tenants
But wouldn't you get the same outcome if you each left your share of the home to each other?

xylophone

We are planning to remake our wills shortly and in order to do this, need to revert to being Joint Tenants. 

Why is this necessary?

nanapop1977

Xylophone and mrschaucer, we just thought it would make things simpler when the first of us dies, admin wise? But maybe not necessarily. I was just thinking, if we had to do it,  would it be easy to do ourselves.

Marcon

nanapop1977 said:

Xylophone and mrschaucer, we just thought it would make things simpler when the first of us dies, admin wise? But maybe not necessarily. I was just thinking, if we had to do it,  would it be easy to do ourselves.

Not really, assuming you are married or in a civil partnership. You say 'revert' so you've obviously made a deliberate decision at some point to become tenants in common. What's changed to invalidate that decision?

mrschaucer

If you are going to make new wills anyway, then I suggest it would be well worth asking your solicitor's advice during that process to understand the best way to achieve exactly what you want.   

SevenOfNine

nanapop1977 said:

Xylophone and mrschaucer, we just thought it would make things simpler when the first of us dies, admin wise? But maybe not necessarily. I was just thinking, if we had to do it,  would it be easy to do ourselves.

I suppose the answer is how difficult/easy do you find the process in mrschaucers link.  Personally, for £180 I'd let the solicitor handle it, but this is MSE!

Our home was purchased as joint, changed later to T in C & a trust.  Current wills just leave our share to each other, isn't necessary to revert to joint.