If You Are Served A Notice Of Severance
Whatever happens, if you are served with a Notice of Severance, don’t panic and don't think it means that you are no longer the owner of the property, or that you have to meet all of the mortgage payments by yourself. It simply reflects a change in the way the property passes in the event of the death of one of the owners.
To that end you need to review your Will or get one written in order to protect your share of the house so your spouse can live in it for her lifetime but that it should then pass to those you wish to inherit it.
Having the house owned in this way will not affect how a court will determine a divorce settlement.
But don’t delay – if you are thinking of severing the Joint Tenancy of your home but have no Will in place it is essential that you have an up-to-date and valid Will put together as a matter of urgency.