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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.

Commercial Property and Asbestos

The recent case of Pullman Foods Ltd v The Welsh Ministers and another [2020] EWHC 2521 (TCC) (23 September 2020) ( HHJ Keyser QC) plays an important reminder to all potential tenants of commercial property to understand and review their repairing...

Are heads of terms in a business sale important?

The Importance of Heads of Terms in a Business or Share Acquisition/Sale The Heads of Terms is the document used at the start of a commercial transaction to set out the main terms of the agreement between the parties before due diligence is carried out and...

Voluntary strike off process resumed by Companies House

Following Companies House’s decision in April this year to temporarily pause voluntary strike off applications in response to coronavirus (COVID-19), Companies House have confirmed it will resume processing such applications from 10th September 2020. ...

“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
"Lorna and Charlotte, 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
"We cannot recommend Oliver Zaki highly enough. In this unprecedented time, he has been professional throughout, having to deal with very difficult circumstances and extraordinary demands from 'the other side'. Oliver has been very pragmatic and understanding in his approach and we cannot thank him enough. We will certainly be using his services again in the near future."
Fareham