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Large & Gibson
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Value for money
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The right of survivorship covers what happens to property held by two or more people as joint tenants. If one owner dies, the survivor or survivors automatically gain the deceased’s share, without the need for probate for that portion. A solicitor helps you understand how this works, checks the deed or title to confirm joint tenancy, and advises on severing the tenancy to create separate interests. They may draft declarations of trust and advise on future conveyancing or trusts as needed.
A joint owner’s death transfers their share to the surviving owner automatically, which can affect taxes and mortgages. A solicitor explains and protects the surviving owner’s position by reviewing the title, advising on severance or remedies (such as a declaration of trust), and ensuring records with the Land Registry reflect the correct ownership.
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