There are two different ways to actually “own” the property; firstly, would be Joint Tenants, secondly would be Tenants in Common.
Here at the Society of Will Writers we recommend that you review your estate plan every 3-5 years.
Many people don’t realise the affects getting married or divorced can have on your estate whether you die with a Will or intestate.
Many of you will already be aware that marriage revokes a Will unless it is clear that you were making it in contemplation of marriage, but did you know that divorce or the dissolution of a civil partnership also has an effect on your Will?
Spouses and civil partners are afforded certain benefits when it comes to succession law; benefiting from favourable inheritance rights on intestacy and quite generous inheritance tax exemptions.
About The Society of Will Writers
The Society of Will Writers is a non-profit making self-regulatory organisation whose primary objectives are the advancement, education and ethical standards within the will writing profession.
Contact Us
The Society of Will Writers
Chancery House
Whisby Way
Lincoln
LN6 3LQ
Tel: 01522 687888
Fax: 01522 694666
E-mail: [email protected]
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Registered in England and Wales. Company Number: 02918900.
