J is for

Joint legacy to Jurisdiction

Heena Nadeem avatar
Written by Heena Nadeem
Updated over a week ago

J

Joint legacy

A gift in a Will to two or more people. These people will own the asset or property jointly.

Joint ownership

Two or more people owning property or some other asset together. Joint ownership can be as joint tenants or tenants in common.

Joint tenancy

A form of joint ownership where all the owners own all the property or asset. This means that when one joint tenant dies, the property remains wholly owned by the other joint tenants by right of survivorship, and cannot be passed in a Will or by intestacy to any other party.

Joint Will

The situation when two people plan how their estate will be disposed of when they die. English law does not recognise the idea of one Will that disposes of two estates. A joint Will may also refer to mirror Wills or mutual Wills.

Jurisdiction

A country or place with its own legal system. One particular example is that Scotland is a different jurisdiction to England and Wales.

Did this answer your question?