A severance of tenancy changes the way in which you own your property from Joint tenants to tenants in common. As Joint tenants, on the death of one co-owner, the property will pass to the surviving co-owner(s) automatically by survivorship.
If you hold your property as tenants in common then you are able to leave your share of your property to your chosen beneficiaries, under your Will. This arrangement is commonly used for tax planning purposes.
You cannot sever your tenancy if the house is already in your sole name.
Where there is a discrepancy between who owns the legal title to a property, and who actually owns the underlying beneficial interest, a declaration of trust can be drawn up which is a document that can set out the agreement in writing.
The main benefit of preparing such a document is to provide written evidence of the agreement between the parties as to who owns the underlying beneficial and equitable interests in the property. The declaration of trust will provide clear evidence of your agreement and intention at the date it is signed.
We are 50% cheaper than most solicitors. You will quickly see we offer value for money.
With 35 years of divorce experience, there are very few situations we have not already dealt with before.
We offer fixed fees on most of our services and have low hourly rates.
You don’t need to use your local solicitors as we have clients all over the country.
You get a direct phone number to your lawyer in case of an emergency.
You can call, email or Skype us.
Why use expensive lawyers, just because their offices are closer?
We have clients all over the UK.
With us you will be getting the divorce law expertise you need at low prices – combined with close personal contact by phone, email or Skype.
Free phone consultation – Friendly nationwide service
Call 0800 825 0156