When it comes to writing a Will,

it isn’t a case of one size fits all.

So take a look at which Will type best

suits you.

1. Single Will 

  • Will type best suited to a single person 

  • Assets/possessions can be left to multiple beneficiaries

  • Can appoint an executor of the Will

Single Wills…

A Single Will is ideal for a single individual to outline where and to whom they would like their assets and belongings to go to. Usually, this individual is often not in a relationship or is divorced.

However, a Single Will can also be useful to married people whose partner already has a will. Furthermore, it may sometimes be useful to a married person with children from a previous relationship. However, a Trust Will is more likely to be suitable in those circumstances.

A Single Will may also cover funeral plans and distribution of personal and sentimental belongings.

2. Mirror Will 

  • Will type best suited to a married couple and is essentially two separate wills naming each other as main beneficiary.

  • Will can be updated/changed by either party, and further beneficiaries can be added

Mirror Wills…

A Mirror Will are used by couples whose intentions match each other. Whilst there are two separate documents, the Wills mirror each other (hence the name). However, you do not have to be married to create a Mirror Will.

Mirror Wills can be changed at any point by either party without the other person knowing, so a high level of trust is necessary when writing a Mirror Will. As such, in instances where children are involved it may be wiser to write a Trust Will to ensure that they remain as beneficiaries should you pass before your spouse.

It is again possible to cover funeral plans in a Mirror Will as well as electing to distribute more personal and sentimental items to loved ones.

3. Property Protection Trust 

  • Will type best suited for a married person with children from a previous relationship or a property owner

  • Allows elected tenant to remain in property, whilst protecting property capital for trust beneficiary

Property Protection Trusts…

A Property Trust Will is ideal for homeowners and can provide security for those who have remarried and have children from a previous relationship.

Property Trust Wills allow you to elect a tenant who may remain in the property after you pass, whilst protecting all or part of the property capital for the trust beneficiaries.

To use the remarried with children example: A Property Trust Will means the person can elect their current spouse to continue living in the property after they pass, whilst protecting the house for their children (Trustees).