
July 11, 2008


If you’ve bought a property as tenants in common (see my separate article) then in addition to a Declaration of Trust signed by both parties, you should also both consider making a Will. This is because the rule of survivorship does not apply to a tenancy in common i.e. your share in the property will not automatically pass to the other owner if you do pass away and vice versa.
Your conveyancing solicitor can advise you on the individual cost of making a Will, expect to pay between 50-150 pounds depending upon where you live. Generally speaking, the further North you are, the cheaper the costs will be!


