Severance of tenancy

Severance of tenancy is the process of changing a joint tenancy, commonly held by married couples and joint owners of a property, into a tenancy in common in order to protect the wealth tied up in your home.

Most married couples are joint owners of a property, which means one owner automatically inherits the whole house when the other dies, regardless of any wishes set out in their will.

If you want someone else, other than your spouse, to get a share of your home when you die a severance of tenancy will allow this to happen. It does not change who owns the property, but allows each co-owner to distribute their half of the property, via their will, to whoever they choose.

Severance of tenancy can also help protect your property from inheritance tax and care home fees should you need specialist accommodation in old age.

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