Joint Will Template
A Joint Will template is designed for couples such as a wife and husband or those in a civil partnership. Both parties must have similar wishes to make near identical Wills. Respective partners will usually become both sole beneficiary and sole executor to each other. Joint Wills are also known as Mirror Wills for this reason. It is essential to add at least one extra executor and beneficiary to each Will in order to safeguard the estate in the event that both parties die together. The second executor and beneficiary may be the same person in both Wills, or you may choose to have different executors.
When to use:
Use a joint Will template when:
- Both parties have similar wishes
- Both parties are either married or in a civil partnership.
What this covers:
This joint Will template covers:
- The appointment of people both parties trust to be their executors to deal with their estate
- Naming the beneficiaries whom both wish to benefit from specific possessions of gifts
- Naming who will benefit from their estate
- Appointing guardians to look after any minor children.
Why bother writing a Will?
Without a Will, your estate will be divided according to the rules of intestacy, and therefore your assets may not be passed on and divided according to your wishes.
Writing a Will ensures;
1. You get to decide who inherits what
A Will allows you to make gifts of money or specific items to individuals or charities of your choosing. If you do not write a Will then everything you own will be distributed in accordance with the intestacy rules. And, depending on your individual circumstances, the entirety of your estate could escheat to the Crown.
Furthermore the intestacy rules do not recognise unmarried partners or stepchildren. As a result, even if you’ve lived together for many years, your cohabitant or stepchild may be left with nothing if you do not write a Will.
2. Your loved ones can bypass intestacy and access your estate faster
Intestacy is a time-consuming and stressful process. It can take many months, sometimes years, to gain access to assets after a person dies. In the meantime, bills can pile up for those financially dependent on you.
3. Avoid unnecessary disagreements and tension among your loved ones
There are numerous examples throughout history of families of famous stars such as Barry White, Bob Marley and Jimi Hendrix squabbling for years because of the rules of intestacy; writing a Will means your loved ones are less likely to fall out over who gets what after you are gone.
4. Appoint a legal guardian for your children
Making a Will allows you to choose the person you believe will offer the best care for your children if you’re not around.
5. Leave instructions
Writing a Will also has the crucial advantage of allowing you to leave instructions about how you want your body to be dealt with after you die.
How to order your joint Will template:
To place your order for our easy to use joint Will template, simply ‘Add to cart’ and complete the transaction details, once your order is placed you will be able to instantly download your joint Will template. Our joint Will template is designed to be simple and straightforward to use, if you have any problems or questions then do not hesitate to contact a member of our team.