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Reviewing your deeds

There are many reasons why deeds should be reviewed from time to time. Traditionally for example homes of married couples were only held by the husband and nowadays this can cause huge problems with rising house values if the husband should pass away without a Will.

"The service offered was generally excellent. We regard Shacklocks as our Solicitors, and will use them as and when required."
Clients of Shacklocks Derbyshire Property Team

Likewise if a property is owned jointly by brothers and sisters with differing circumstances, it is essential that the deeds are checked to ensure that they work effectively.

It is worth remembering that the way property is held can mean that it passes automatically to the survivor and not through the contents of a Will. In the case of children and parents owning property together this can create unforeseen family problems and unnecessary tax burdens. Likewise all couples should check how their property is held to ensure the best use of all allowances and to protect assets for future generations.