Deed Of Severance

Jointly held property passes to the surviving owner(s) on the death of one of the joint owners automatically –regardless of the terms of any Will.

As a result, for some aspects of estate planning to be effective it is essential that joint ownership of certain assets is severed.

This does not affect the beneficial ownership of the asset, or the parties’ individual responsibilities towards it, and is achieved through executing a document known as a Deed of Severance.

Your Creative Wealth consultant will be pleased to advise when a Deed of Severance is required and to produce the document for you.