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Write Wills 4 U - Severance of tenancy

Severance of tenancy

This can be a mutual or unilateral severance of joint tenancy of a property, enabling joint owners of a house to change ownership from joint tenancy to tenants in common. This means that each owner can gift their separate share of the property to those whom they wish to benefit. This can be especially useful in cases where there is a second marriage and assets are to pass to children of the previous marriage.

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