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TENANTS IN COMMON - DO WE NEED TO CHANGE OUR WILLS
covid1956
Posts: 99 Forumite
A number of years ago we submitted a form to our solicitor to change ownership of our house to "tenants in common"
We received conformation of this from Land Registry
Do we need to amend our standard "mirror will"
thanks covid
We received conformation of this from Land Registry
Do we need to amend our standard "mirror will"
thanks covid
0
Comments
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The point of being TIC is that there is usually someone else (other than the spouse) that you want to leave your share of the house to. Your will should reflect who this is1
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Applying for a form A/joint proprietorship restriction as it’s known is often associated with tenants in common and writing your wills etc
It can stand alone but invariably it goes hand in hand with some form of arrangement re your beneficial interests such as wills or deed ot trust or similar
https://www.gov.uk/joint-property-ownership
“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0 -
If you still want the survivor to inherit your share absolutly then you don’t need new wills. If you want to pass to someone else and leave the survivor a life interest then you need new wills.0
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