Property and inheritance
Discussion
I wanted to check something about property and inheritance as I think someone has been given duff advice. I assume SPL is better than Homes etc…
So a unmarried couple bought a house and put it in joint names (I assume 50/50 split), and separated after having some children with the mother living in the house.
If either parent dies who does their share of the property go to?
Thanks
Dan
So a unmarried couple bought a house and put it in joint names (I assume 50/50 split), and separated after having some children with the mother living in the house.
If either parent dies who does their share of the property go to?
Thanks
Dan
Hmm I'm even more confused now..
Accoring to the land registry
[i]Beneficial joint tenancy -> If you die, your interest in the property passes automatically to the other owner or owners.
Tenancy in common -> You can give away, sell or mortgage your share. If you die, your share of the property passes to the beneficiary in your will.[/i]
Accoring to the land registry
[i]Beneficial joint tenancy -> If you die, your interest in the property passes automatically to the other owner or owners.
Tenancy in common -> You can give away, sell or mortgage your share. If you die, your share of the property passes to the beneficiary in your will.[/i]
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