How do you own your own property and why is it such an important consideration?

Care Home Fees, Wills

How do you own your own property and why is it such an important consideration?

In terms of succession, passing on your estate after your death, there is a discussion you should have to determine whether you should own your property as either Joint Tenants or Tenants in Common.

The consequences of each option need to be weighed up to make sure it suits your needs now and for the future. Sadly, not all solicitors or conveyancers take the time to explain the differences when you buy a property. With the passage of time, many people will have forgotten anyway, not realising its importance.

We are happy to have the conversation for free. You get to refresh your knowledge and can reconsider if the way you own your property is right for you. If it is, we will be glad to have helped. If it isn’t, we can help you reorganise your succession plans and put you in a better place.

What are the key topics that should make you want to inquire? Are you married or cohabiting? Have you been married more than once? Is care costs a worry? Is your relationship in a rocky place? – there’s a few for starters…

Have a quick read of this Land Registry blog and then come back and CONTACT US HERE.

https://hmlandregistry.blog.gov.uk/2022/11/02/what-kind-of-joint-ownership-do-i-have/?utm_medium=email&utm_source=govdelivery&utm_term=

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