Tenants in Common or Joint Tenants?
The manner of holding has implications for your estate planning.
If you are buying a property it is important to have the right manner of holding (or property ownership). This decision has a clear impact on your estate planning and how your share of a property is distributed after you die. Blended families should carefully consider what manner of holding they have as this may cause issues with your estate.
This infographic gives you a simple overview of the key differences between either joint tenants or tenants in common. If you are unclear as to what is the best option, you should speak to a conveyancing lawyer to discuss what will suit you best.
If you need to change your manner of holding we can assist as well.
Disclaimer: This article has been prepared for general information purposes and may not apply to your situation. This information should not be relied upon for legal, tax or accounting advice. Your individual circumstances will alter any legal advice given. The views expressed may not reflect the opinions, views or values of PCL lawyers and belong solely to the author of the content. © PCL Lawyers Pty Ltd.
If you require legal advice specific to your situation, please speak to one of our team members today.
About The Author
Jessica Karevski is a Lawyer, specializing in property law. Jessica was admitted as a lawyer in…
