Real or Immovable Estate in Jersey is Freehold or Flying Freehold property and Personal or Movable Estate covers everything else, including property owned by way of Share Transfer. Different Jersey Wills are required for each and stringent rules apply to ensure a Jersey Will is valid and effective. Therefore making a Jersey Will is an important consideration when you purchase your new home.
If you pass away without making a Jersey Will, the Wills and Succession (Jersey) Law 1993 will determine who will inherit your Estate.
If you have bought with your partner jointly and for the survivor of you then, on your demise, your partner will take sole ownership of the property. If you have children together then ultimately those children may inherit upon the death of the survivor.
However you may have children from different relationships, step children, a partner to whom you are not married or grand-children and careful consideration will need to be given to ensure that the interests of all parties are protected in the way that you want.
If you leave things to chance it may be that those you want to benefit from the property you have worked hard to acquire will not do so in the way you would have liked. It is therefore important to invest a little time in ensuring all is in order and making a Jersey Will.
Lindsey Power | Conveyancing Manager| Residential Property Lawyers
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