Joint tenancies

Couples possibly will jointly own their home. At present are two different ways of jointly owning a home. These are beneficial joint tenancies and tenancies in common.

If the couple have beneficial joint tenancies when either one dies, when the first partner dies, the surviving partner will without doubt inherit the other partner’s share of the house. However, if the partners are tenants in common, the surviving partner does not automatically inherit the other person’s share.

For more information about beneficial joint tenancies and tenancies in common,If your partner has died please contact us.

Couples possibly will also have joint bank or building society accounts. If one dies, the other partner will inevitably inherit the entire amount of money.

Property and money that the surviving partner inherits do not count as part of the estate of the person who has died when it is being valued for the intestacy rules.

Please call for more information on joint tenancies on: 0800 731 8722