Thursday 5 November 2009

A Single Will or Mirror Will, which is best for me?

Sorry all, i haven't created any new posts for the last couple of months however i'm now back on the case!

There seems to be some confusion between Single and Mirror (or Joint) Wills. So let me explain the difference between the two and in what circumstances a Single or Mirror Will should be chosen.

You should only choose to make a Single Will if you have no partner or if you wish to make a Will that has different provisions to those of your partner. So if you and your partner have different wishes (e.g. the husband wants to leave the car to the son and the wife wants to leave some jewelery to the daughter) you will each need to create a separate Single Will.

You should only choose to make a Mirror Will if you and your partner wish the terms of your Wills to be identical. For example upon one partners death all of their estate is passed to the surviving partner. This excludes any specific gifts detailed in the Will (e.g. a gift of money or specific item to a relative).

When making a Mirror Will two separate Wills are created, one for you and one for your partner.

I hope this helps to clear up any confusion. You can write your Wills online at onlinewill.co.uk.

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