What Happens to Property in Joint Names?

Property that is owned in a “joint tenant” relationship is automatically passed to the other owner irrespective of what is stated in a Will. Property that is owned as “tenants in common” is structured in the form of shares and therefore can be passed onto any chosen beneficiary. Personal joint bank accounts and family homes are usually structured under a joint tenant agreement. You should check with your solicitor or conveyancer to be sure as to the ownership structure of your assets.