Deed of assent or sell?

[Thirsty]

Property X is left to Joe and Jack, with Joe allocated 30% share and Jack 70%.

If Joe and Jack wish to keep Property X (and not have it sold by executor) can it be put into their name using a deed of assent? And how is it done such that in the event of a subsequent sale the shares are allocated per the will?

 

[mf1]

Property X is left to Joe and Jack, with Joe allocated 30% share and Jack 70%.

If Joe and Jack wish to keep Property X (and not have it sold by executor) can it be put into their name using a deed of assent? And how is it done such that in the event of a subsequent sale the shares are allocated per the will?

Yes.

The Deed of Assent will vest the property in them as Tenants in Common with 30% owned by Joe and 70% owned by Jack.

mf

 

[Thirsty]

Perfect! Thx MF