Recorded Webinar: Handing over the Keys in the Estate Plan – Dealing with Real Property Ownership in Blended Families

This presentation looks at the complexities of real property ownership in blended families. Whether you own your home as joint tenant or tenants in common has important legal implications when it comes to estate planning for blended families. This presentation covers:

• Real property and the asset pool:
  • my house or yours? Who actually owns the main residence?
  • joint tenants v tenants in common
  • NSW notional estate rules and joint tenancy
  • how is the property interest distributed?
  • does it matter what is in the will?
• The advantages and disadvantages of providing the spouse with a right to reside
• Transferring existing assets – stamp duty and CGT consequences
• Gifting shares in property to a beneficiary – practical implications
• The use of mutual wills to deal with jointly owned homes blended families
• Life interests – when will they be appropriate?