How you hold your property will determine how it passes on your death. As joint tenants your share will pass to the survivor automatically. If you wish to pass your interest in the property to your children or others, you should hold your property as tenants in common.

Joint ownership: Jointly owned property will pass to the survivor no matter how short the period of survivorship may be, despite anything said in the Will.

Tenants in common: Where more than one person holds land or property as tenants in common the share of each owner in common passes on his/her death under his/her Will. You can change the way you jointly own property with help from Ezwill.co.uk.

EXAMPLE:

MR & MRS NEWMAN hold their property as tenants in common. This was dealt with by Ezwill.co.uk at our request as MRS NEWMAN has a son from a previous relationship.

MRS NEWMAN wanted to make sure she had made some provision for her other son SAMUEL who is at University now, to inherit her share of the property only after the death of her second Husband.