At Wills 4 Less we consider Mirror Wills to be for couples who want simplicity over confusion and peace of mind over everything else.
Our team of specialists will provide you with a step by step guide of how to protect your loved one’s future.
When you’re hearing the phrase Mirror Wills Hampshire, you may be shocked to know what it actually is and why it is so popular among married couples in the UK. In basic terms, a Mirror Will is a set of Wills created by two people – usually a married or civil-partnered couple which mirror the wishes of one another.
In a Mirror Will, one partner may will all their assets to the other partner, as your partner does the same for you.
We’re frequently asked at Will 4 Less: Is a Mirror Will suitable for us? Knowing what a Mirror Will can accomplish can give you the peace of mind in knowing that your loved ones are protected as you both want.
What is A Mirror Will Used For?
A lot of couples will wonder what could happen if they were to die without a Will. A frequently asked question is: Will my partner inherit everything by default? The answer is not always clear when it comes to intestacy laws. Wills removes uncertainty. It means your partner and then the beneficiaries you select typically children or grandchildren don’t benefit until after both of you are dead.
Another emotional explanation for couples selecting Matching Wills is trust. You might like to ensure that at the end of the day your family home, savings and personal possessions go to your children rather than to your relatives under the “normal” intestacy provisions, which may not be in line with your wishes.
Not every couple fits the bill for a Mirror Wills Hampshire. This is especially common for:
In short, if you and your partner both want to do almost the same thing with your estate on your death, Wills makes sense and is relatively cost effective. You do not have to be legally married — what is important is that you both want to protect each other and ensure your assets end up with the right people.
Why consider Mirror / Matching Will A lot of couples select Mirror / Matching will for:
At Wills 4 Less, when we ask couples what they would like to achieve, the typical response we hear is, “We want something straightforward that covers each other and our family.” Mirror/Matching Wills are meant to do just that – be straightforward, understandable, and protective of both your desires.
Piece of Mind for All Parties
There is added peace of mind and emotional security in knowing that your partner will be protected if you precede him or her in death.
Cost Effective
Drafting Mirror/Matching Will are usually cheaper than two single wills and so very popular with couples.
Simple Yet Effective
They make sure your assets go to your partner and then to your children or chosen beneficiaries without ridiculous obstacles.
Clear Wishes Documented
Avoid disputes between family members both wills would be consistent.
Shields your partner first: Guarantees that your significant other will not be left out in the cold when you die before them.
Makes provisions for children or grandchildren later: After both partners die, your estate transfers to the beneficiaries you’ve named.
Pretend, for example, that you and your spouse jointly own a home, have savings in joint accounts and maybe some investments or insurance policies. Wills ensure that if one of you were to die, the other is completely protected, with no ambiguity about who is to inherit your assets. After the death of both of you, the estate transfers to your children or other beneficiaries that you designate.
Here at Will 4 Less we regularly have the question from clients:
These are understandable fears, and preparing a Wills can deal with them straightforwardly, so long as you wish to keep your estate planning clear and affordable.
Can My Spouse Alter Their Mirror Wills After My Death?
Yes. Each Mirror/Matching Will is separate, so your partner can change theirs after you die. If you want to ensure assets are safeguarded on behalf of children, you should give thought to a Life Interest Trust Will.
Will a Mirror Will Cover All of Your Assets?
In practice, yes — it takes in your entire estate. But assets held jointly, like property held as joint tenants, pass automatically to the other owner. Our advisers can help you with this.
But what are the risks of not having a mirror/matching will?
Without one, your partner might not get everything, and that can create financial and legal headaches for your family. Intestacy laws may also distribute your assets in a manner contrary to your intentions. Wills brings clarity and helps protects the people you care most about.
How long does it take to make a Mirror Will using Will 4 Less?
As part of a wills and estate plan, we can often draft and have your Mirror/Matching Will ready and signed in only a matter of days (depending on how complex are your requests).
Yes. As with any will document, your Mirror/Matching Will must be signed in the presence of two adult (age 18 or older), unrelated independent witnesses.
Making your Mirror Will with us is simple:
Here at Will 4 Less our Mirror -Wills are very cost effective. We think everyone deserves the security that a Mirror/Matching Will affords, without paying over the odds for it. Get in touch today for a bespoke quote.