PROPERTY CONVEYANCE

The term conveyance refers to the act of transferring property from one party to another. 

WHAT IS PROPERTY CONVEYANCE?

The term conveyance refers to the act of transferring property from one party to another. When the buyer and seller are happy with the contract, both sides sign final copies and send them to each other. The agreement to sell and buy is legally binding once this happens. Usually neither party can pull out without paying compensation.

UNDERSTANDING CONVEYANCE

The term conveyance represents the act of legally transferring property from one entity to another. When two parties engage in the sale of a piece of property, they transfer ownership through a conveyance. 

The term conveyance is commonly associated with property transactions.  The legal representative overseeing the process can be referred to as a conveyancer. 

A conveyance is normally executed using a written instrument or contract that outlines the obligations and responsibilities of both the buyer and the seller including the purchase price, date of transfer, and any other terms and conditions associated with the sale. The instrument may be a deed or a lease—a document that transfers the legal title of a property from the seller to the buyer.

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PROBATE

Probate is the legal right to deal with someone's property, money and possessions when they die. If the person who died left a will, this explains what should happen to their estate.

INHERITANCE TAX

Inheritance tax is a tax on the 'estate' of someone who's passed away. How much you pay depends on the value of the deceased's estate – which is valued based on their assets, minus any debts.

TRUSTS

Using a trust can give you peace of mind that your chosen beneficiaries will inherit from your estate. The benefits can include reducing the care fees payable to the local authority and have tax advantages.

DOCUMENT STORAGE

If your Will were to be damaged in any way, the courts could declare the Will invalid. We offer safe and secure storage of your legal documentation in both digital or paper form.

TENANTS IN COMMON

Tenants in common is a term used when two or more people have a share in a property – as in spouses or civil partners – but as separate owners entitled to their own share of the property.

PROPERTY CONVEYANCE

We work with a team of legal experts who will prepare legal documents for a property sale, remortgage or lease extension, and transferring legal ownership if the property is being sold.

FINANCIAL PLANNING

We work with a team of independent financial planners who will help you plan for changes in your income, pensions, insurance, savings and investments. Need help. Contact Us.

LASTING POWER OF ATTORNEY

Nobody likes to think about losing the ability to manage their own affairs. Powers of Attorney gives someone you trust the ability to make decisions on your behalf.

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