Mirror Wills
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Mirror Wills
A standard single Will with no trusts, except the simple trusts below, or other complications such as life interests etc. but for couples (married, civil partner’s or co-habitees) where one client’s wishes ‘mirror’ the others. Two separate Wills with the content reflected in each.
- Include a children’s trust to defer a beneficiary’s entitlement past the age of 18 (can be tax implications if the nominated age is above 25).
- Make gifts of specific items or assets. For a significant quantity of these gifts consider using a precatory trust.
- Make gifts of cash to named people or charity
- Appoint Guardians to raise minor children
- Appoint Executors
- Stipulate funeral wishes
- Make provision for pets
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