People often delay or spend inadequate time planning their personal legal affairs.
Otherwise, in the event of illness, an accident or untimely death, you can expose your family to uncertainty, delay, extra cost and possible unhappy consequences. A personal warrant of fitness generally comprises three primary components and a fourth one that is optional. There are three types of joint ownership namely a joint tenancy, a tenancy in common and a joint family home. The feature of a joint tenancy is that if one of the joint tenants dies, the surviving property no matter what the provisions are in the deceased's will. Unlike a joint tenancy, a tenancy in common means that on the death of one owner the surviving owner does not automatically take ownership of the share of the deceased - that share is distributed in accordance with the provisions of the deceased's will.