Single Will

A Single Will is ideal and suitable for any individual to outline their wishes. Whilst Single Wills are generally for those who are not in a relationship or are divorced, they are useful if you’re married but have children from a previous relationship as you can divided your estate between your spouse and your children. If you would like to make special provisions for loved ones, in which case a Trust might be a better option so that we can tailor your individual needs.

A Will doesn’t just have to cover how your assets are distributed but also includes plans for your funeral arrangements and what you would like to distribute your personal items such as a car or items of sentimental value.

Mirror Wills

Mirror Wills are designed for couples who have the same wishes. There are in fact two documents produced, one for each person, but each Will ‘mirrors’ the other.

In a Mirror Will the estate is distributed as follows:

  When one spouse dies the whole estate is passed to the surviving spouse
  When they die the estate is distributed according to what is laid out in the Will

In a Mirror Will, it is possible to make requests such as funeral arrangements or make personal bequests of sentimental items such as jewellery, photographs and other personal items.

Here at ILM Law we are happy to discuss your requirements to tailor to your needs.

Trust Wills

There are different types of Trust Wills, which gives you flexibility over your property and assets and how they’re managed.

Discretionary Trust is used to leave your estate or part of it, to a trust created in your Will and only comes into play once you pass away. You can choose people to manage the trust (known as Trustees) and name the people who are beneficiaries of the Trust. The Trustees then have total discretion over what, how and when your beneficiaries receive the contents of the Trust.

LASTING POWER OF ATTORNEY (LPA)

An LPA is a legal document that lets an individual appoint one or more ‘attorneys’ to manage affairs and make decisions on their behalf, or to help them make such decisions.

Having lasting power of attorney in place can provide clarity, leaving you safe in the knowledge that someone you trust will help you make decisions, or keep your best interests at heart when making decisions for you if you lose capacity to make your own independent decisions.

  One that deals with your property and financial affairs
  One that allows your attorneys to look after your welfare and health decisions.

If you or a loved one are deemed to lack the capacity to prepare a Lasting Power of Attorney, a Deputyship Order under the Court of Protection may be required.

Here at ILM Law our expert team can provide you with all the required detailed advice and guide you smoothly through the process.