IWC are regulated by the Society of Will Writers and Estate Planning Practitioners

 

Some people are confused by the term Tenants in Common. If you convert the ownership of your property to Tenants in Common it does not mean you become a tenant of your own property. This terms simply means that each owner of the property owns a specified portion of the property.

 

 

Co-habiting couples often purchase a property as Joint Tenants in Common, as if either of them were to pass away their share of the property would become part of their own estate and thus could be passed to their own family. Of course in this situation co-habiting couples should also create a Deed of Trust in the event that they decide to separate at a later date. A Deed of Trust is a legal document detailing the asset split in the event that the relationship does break down.

 

 

Married couples in their senior years often convert to Tenants in Common just in case one or both need residential care. Please see our Community Care page for further details

 

 

Converting to Tenants in Common is generally very simple. If preparing a Will with us we would of course convert your property to tenants in common for a very small additional fee. It is strongly advisable however to ensure your property is registered with the Land Registry when converting to Tenants in Common

 

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