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Changing Property Ownership Arrangements

If you hold a Property jointly with someone else it may become necessary for that Property to be transferred into the name of one party e.g. in the event of the death of your spouse.

In the case of Joint Tenants, a change of ownership is a relatively straightforward matter. On the death of one spouse (or partner), his or her interest in the property automatically passes to the survivor. Glanvilles Personal solicitors can help you set up this arrangement, allowing you to avoid the cost and delays involved in obtaining a grant or representation (Probate) on the death of the first joint tenant.

Tenants in Common

An alternative to joint tenancy is Tenants-in-Common. This means that the property passes by Will (or intestacy) but not automatically to the surviving home owner. Depending on circumstances, the advantages of such an arrangement are:

It can prevent children/stepchildren or other beneficiaries from losing out should a surviving spouse remarry or cohabit.
It gives you the freedom to gift your share of the property with directions as to what happens to the property after the occupants death.
If combined with an appropriate Will, it can maximise tax allowances.

Glanvilles can advise you on which ownership best suits your needs and help you make any ownership changes that may be necessary.

Leasehold Reform 2021

Leasehold Reform 2021 – announcement from Robert Jenner 7 January 2021 We set out below some comments and observations on the current proposals in order to put them into context and which we hope will be useful. Please note the announcement,...

Furlough Scheme to End on 30 April 2021, But What Comes Next?

The Coronavirus Job Retention Scheme (the Furlough Scheme) is due to end on at the end of April 2021, just four short months from now. But what will come next? As the Covid-19 pandemic continues, the Government will be under pressure to provide further...

Key differences between a share and asset sale and purchase

If you are intending to sell or purchase a business, one of the first matters to decide upon and agree with the other side is whether the transaction should be a share sale/purchase or an asset sale/purchase transaction. To assist in deciding which type of...

“On two occasions I have brought to Glanvilles what in my mind were no-hope cases involving claims against third parties outside of the UK (in one case a company headquartered in central Russia) and both times happily I have been proved wrong. People discount the power and professionalism of Glanvilles at their peril."
Gerard McCloskey
Fareham
"Thank you so much for providing us with such a swift and efficient service for the second time. You have been invaluable in making the transaction of both properties as seamless as it could be. You deal with everything with such speed, it takes a lot of stress out of the process to be given such a good service through fast responses and actions."
Havant
"We are very happy to endorse Glanvilles and Tom Oliver's services in particular. We found the Glanvilles team to be proactive, well considered and considerate to our situation. Tom took time to ascertain the situation thoroughly and explained the potential outcomes, referencing previous cases. He then formulated a plan of action and we made sure that we had all the relevant documents to hand should they be needed. It was a very stressful time following the bereavement of a loved one and it was worth every penny to have Tom's knowledge and expertise in our corner."
Chichester
“I am just writing to express our thanks for the various advice's you provided and the efficient and professional way in which you executed matters relating to obtaining Probate on our late brother's estate and the sale of the property. I would have no hesitation in recommending Glanvilles to friends and acquaintances.”
Havant
"Once again you have helped make the process as smooth as it could have been, given the lack of communication from the other solicitor's. You have helped at all times...will always recommend you and your firm. So thanks once again for everything. All the best for your future"
Fareham