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Mirror Wills
A Mirror Will is
prepared when a couple want to make almost identical Wills leaving,
for example, everything to each other respectively and thereafter to
the children, or where there are no children, to a named beneficiary.
They must be individual Wills, so in effect they are separate legal
documents with similar content. The respective partners usually become
both sole beneficiary and sole executor to each other.
When writing a Mirror
Will in this way it is essential to add at least one extra executor
and beneficiary to each Will to safeguard the estate in the event that
both should die together. The second executor and beneficiary can be
the same person in both Wills, or you may chose to have different executors.
However, naming different guardians in your Wills could lead to problems
unless directed properly and given considerable thought.
Next: Storage
of your Will
Related Clickdocs documents
- Legal Wills - a range of standard Wills for use in England, Wales and Scotland
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