Property passing outside the Will or Intestacy

Question 1

If D held property as a beneficial joint tenant, who does the interest pass to automatically on their death?

Answer 1

The surviving joint tenant

Question 2

If D held property as a beneficial tenant in common or sole owner, how is the interest passed on their death (2 options)?

Answer 2

1. Under D’s will
2. Under intestacy rules

Question 3

Who are proceeds of a life assurance policy passed to on D’s death?

Answer 3

The beneficiary named under the policy

Question 4

How can property in a national savings bank, friendly society, or national savings certificate pass to someone on their death?

Answer 4

By D making a statutory written nomination

Question 5

What is a life interest (aka life estate)?

Answer 5

An interest in property subsisting only during the lifetime of the person to whom it was granted (e.g. “to A for life”)

Question 6

How is an interest in a trust fund passed?

Answer 6

According to the terms of the fund