Should we purchase as Joint Tenants or Tenants in Common?

Year Published: 2019

Couples who are married or live together may purchase property as Joint Tenants. This means that in the event of the death of one person, his or her share of the property automatically passes on to the other.

If you purchase the property as Tenants in Common, in the event of the death of one owner, the share of the property will not automatically go to the other person, but will pass on to the next of kin or be distributed as per the Will of the deceased.

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