What Is A Mirror Will?
These wills are particularly popular with couples where their wishes reflect each other. They are usually written with the entirety of the estate passing to the surviving partner. When the second person passes, the estate is left to the agreed nominated beneficiaries i.e. joint children.
When shall I get my Will written?
Now! For too many reasons to mention. Everyone over the age of 18 years should have a Will in place, regardless of whether they are in a relationship or not. If you wish to leave your estate to each other and if you are not married then this becomes even more important.
Why make a Mirror Will?
Your significant other takes the entire estate. The Wills you create are almost identical, appointing same executors and same beneficiaries. By completing a mirrored Will you are protecting your partner and ensuring the estate is passed to them without complication.
Provide for your children
If you both pass away you have left clear instructions as to how your children inherit, lifetime gifts can be taken into account and if they are under the age of 18 years, you have nominated the particular person you want to look after them of the need arose.
How many executors?
You only need one! People are often surprised by this, but, you can administer each other’s estate.
You would usually appoint each other as the sole executor and beneficiary on first death and then on second death if your children are old enough, they can be the executors.
Problems with Mirror Wills?
Either party is free to change their will at any time. There are various traps you can fall into, anything can happen after first death and what about care home fees or later life planning? Sometimes these aren’t the best Wills but it’s best to get advice early in the process to see if these Wills are right for you.
For your legal needs
We provide a unique and personal service by delivering the highest quality legal services and advice in a down to earth manner.
As your solicitors we will be at your side throughout your case, we will listen to you with care and understanding, and give you clear expert advice based on over 35 years’ experience in wills, probate and family law.
So, you can have complete confidence that you are receiving the best legal advice to achieve the best outcome in your case.