What is a Mirror Will?

A mirror will (or joint will) is when a husband, wife or partners make similar wills outlining similar wishes, usually naming each other has executors and beneficiaries. 

It is not possible to have one single document, so in effect they are two different and separate legal documents.

When writing a mirror will it is important to outline other beneficiaries and another executor in case both partners die together. These can either be the same person or two different people for each will.

However, listing different beneficiaries can lead to a lottery situation if the allocation of assets is not correctly laid out in each will.

What Happens to Property in Both Names?

This can be a difficult situation and it depends on what share each person has in the property and how it is held between them.

To work out how best to approach this, it is wise to meet with a solicitor before writing your will.

How does Marriage, Divorce or a Civil Partnership Affect a Will?

In Great Britain, a will is automatically cancelled if you enter into a marriage or civil partnership after it is signed, unless you include information stating otherwise.

If you divorce or annul a marriage or civil partnership, anything that outlines and inheritance to your wife, husband or partner will be cancelled – unless stated otherwise – effectively, the will is read as if they are dead.

If any major changes to your circumstances take place, it is always better to consider writing a new will.

Are Step Children Included if I Leave Assets to my Children?

Step children do not come under the bracket of children when it comes to making a will so if you arrange for assets to be spread in equal percentage between your children they will not receive anything.

It is better to name them as individual shares to ensure they are provided for.

Can I make a Mirror Will Online?

Yes, there are a number of sites which allow you to make both a sole will or a mirror will.

 

Make your online Will now!