Joint ownership of your home

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The most common way to co-own a home is known as Joint Tenancy. When you own a home this way with another person and you die, your share of the property will automatically pass to the other person under the survivorship rules. You do not need a Will for this to happen.   The alternative way to own a home is known as Tenants in Common. This means that when you die your share of the home will be distributed according to your Will. If you own a home this way it is really important that you have a Will otherwise you will be subject to the Laws of Intestacy. You may be depriving your partner, say, or the person that co-owns the home with you.

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