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Severance of Tenancy

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Old couple and their daughter

 

The majority of couples hold their property in joint names as what is known as Beneficial Joint Tenants. Your Paralegal will be able to show you that for a relatively small investment in your Estate Planning you can Sever the Tenancy and become Tenants in Common each owning half the property. This allows you to pass your half to your beneficiaries on your death and thus protecting it from loss. This work requires the additional service of Rights of Occupation

 


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