{"id":2383,"date":"2022-06-30T10:13:07","date_gmt":"2022-06-30T10:13:07","guid":{"rendered":"https:\/\/family-matters.co.uk\/?p=2383"},"modified":"2022-06-30T10:13:07","modified_gmt":"2022-06-30T10:13:07","slug":"different-types-of-wills-and-trusts","status":"publish","type":"post","link":"https:\/\/family-matters.co.uk\/uncategorized\/different-types-of-wills-and-trusts\/","title":{"rendered":"Different Types Of Wills And Trusts"},"content":{"rendered":"

Most of us are aware we need a Will and that it is not a good idea <\/span>to write your own<\/span><\/a>. But what type of Will do you need? Whilst helping you to put one together is relatively straightforward, there are different types of process depending on the circumstances. Deciding which is best for you will help avoid any unintended consequences for your family and your estate after you pass. In this article we will explain the different types of <\/span>will writing service<\/b><\/a> and what is required to formalise them.<\/span><\/p>\n

If you are considering <\/span>Estate Planning solutions<\/b><\/a> and would like the help of a Will writing service, our advisors are here to offer advice. <\/span>Contact us today<\/b><\/a> for a no obligation consultation.<\/span><\/p>\n

What Are the Different Types of Wills and Will Trusts?<\/b><\/h4>\n
Single Will<\/b><\/h5>\n

A Single Will is probably the most familiar kind of will and will be suitable for most\u00a0 individuals to outline their wishes. While Single Wills are generally for people who are not in a relationship or divorced, they are also used in circumstances when your wishes differ from those of your spouse or if they already have a seperate Will. A Single Will states how your assets are divided and the document is signed in front of witnesses.<\/span><\/p>\n

Single Wills are particularly useful if you\u2019re married but have children from a previous relationship as you are able to divide your estate between your spouse and your children. If you would like to make special provisions for loved ones however, a <\/span>Trust Will<\/b><\/a> might be a better option .<\/span><\/p>\n

A Will doesn\u2019t just have to cover how your assets are distributed but also details such as funeral plans and what you would like to happen to items of sentimental value.<\/span><\/p>\n

Mirror Wills<\/b><\/h5>\n

Mirror Wills are designed for couples who have the same intentions. Here, there are two documents produced, one for each person, and each Will \u2018mirrors\u2019 the other.<\/span><\/p>\n

In a Mirror Will the estate is distributed as follows:<\/span><\/p>\n