A, B, C, D and E have now noticed the conveyance and the term it contains: "to A, B, G, D and E as joint tenants in equity". They wish to effect a change so that the students each have a measurable interest in the property, as they intend, when their degrees are over, to sell the property and divide up the price so each can pursue their own careers with the funds. They therefore seek advice as to how this may be done. In the meantime, however, D and E have formed a relationship and have made mutual wills in which each leaves their share of the property to the other.

 

How might the ownership interests  be restructured, both at law and in equity, based on the above facts considering severance Joint tenant operating on her own share in the case of D and E, and the situation for the other joint tenants.

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Severance of Joint Tenancy for D and E D and E have formed a relationship and have made mutual wills leaving their share of the property to each other ... View the full answer