Single Will

Create a single will now to protect your assets and provide for your family’s future. With a clear plan in place, you can rest easy knowing your wishes will be fulfilled.

Don’t leave it to chance – take control and build the legacy you envision. Your loved ones will thank you.

 

Understanding A Single Will

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Types Of Wills
Which Is Right For You?

Single Will

When it comes to wills, many people believe that if they’re married or in a civil partnership, they automatically inherit each other’s assets when one of them passes away. 

However, this isn’t always the case. That’s where single wills come into play. A single will is a legal document that outlines how you want your assets to be distributed when you die.

What is a Single Will?

A single will is a legally binding document that specifies how your assets will be distributed upon your passing. It is designed for individuals who are not in a relationship or do not have joint assets but still desire to ensure that their assets are distributed in accordance with their wishes. In a single will, you have the ability to appoint an executor who will manage your estate and allocate your assets as per your instructions. To gain more insight into mirror wills, click here.

How does A Single Will Work?

A Last Will and Testament is a legally binding document that guarantees the distribution of your assets in accordance with your preferences upon your passing. It is crucial to designate an executor who will execute your wishes diligently. Failing to have a will in place results in intestacy laws governing the distribution of your assets. Unfortunately, this can lead to a misalignment of your desires and potential disappointment for your loved ones.  

3 Reasons Why You Should Get a Single Will with us

 Control over your assets: A single will gives you control over how your assets are distributed. Rather than having your assets be distributed according to the rules of intestacy, a single will ensures that your assets are distributed according to your wishes.

Appoint an Executor: We will help you appoint an executor who will ensure that your assets are distributed according to your wishes. This means that you can choose someone you trust to carry out your wishes.

Ease the burden on your loved ones: When you die, your loved ones will be grieving. A single will can help ease the burden on your loved ones by ensuring that your assets are distributed according to your wishes. This can reduce the stress and worry that your loved ones may feel after your death. Additionally, our team is here to answer any queries you may have about the process, making it easier for you to make important decisions about your will.

Testamentary Trust Will

A testamentary trust will is a type of will that establishes a trust, which comes into effect following your death. The will makes provisions for the beneficiaries; however, the assets remain in a trust instead of being transferred directly to them. Beneficiaries only get control of the assets once they attain a certain age or fulfil certain terms.

Living Will

A living will, also known as an advanced care directive, outlines your wishes regarding medical treatment in case you are not in a condition to do so. 

Living wills come into effect when you are incapacitated due to illness, accident, or age. This document ensures that your health care providers and family members know your medical preferences.

Joint Will

A joint will is a document that two people –usually married couples- create together. A joint will outlines how their assets will be distributed once both parties have passed. Joint wills minimize disputes between beneficiaries because neither party can alter the will after the other has died. Contact Trusted Will Writing today for further information or to answer any questions you may have.

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Control over Distribution of Assets

By creating a will, you can appoint an executor to carry out your instructions and distribute your assets as you see fit. This can also prevent disputes among family members over inheritance

Single Will
Providing for your Family

 A will also allows you to name beneficiaries for your retirement accounts, life insurance policies and other assets.

 

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Minimizing Estate Taxes

By creating a will, you can also avoid the potential for probate, which can save your estate time and money in the long run.

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