What is owning property as Joint Tenants
Owning property in this way, each person owns the entire property. This means that if one owner were to die, then the surviving owner would own the property entirely. This approach is common for people who want to leave the property to each other after they die and many married people hold their property in this way.
A Will stating otherwise would not be able to override this because the property will have transferred to the survivor before a Will would come into effect. Only the survivor’s Will would then be considered as to who receives a share of the property on their death. This can mean that children from a previous relationship, will not inherit a share of the property, unless the survivor has also included them in their Will.”
Please note that all information provided in this FAQ is for general reference only. It should not be used as a sole or definitive source, nor is it intended to be used for decision making in place of appropriate advice from a qualified legal professional. As such the information is provided as-is and Brevis cannot accept any responsibility or liability for any loss or damage resulting from any errors or ommission in, or any reliance on, information contained in this guide.