Thinking about writing a Will with your partner? Writing a Will ensures that your possessions, money, property, and the like will be distributed according to your wishes when the time comes. That being said, are joint Wills a bad idea? Or could they be a suitable avenue for the both of you? Let’s weigh up the pros and cons.
Impacts of Having a Joint Will
Pros: If one partner passes away, having a joint Will may benefit the beneficiary as their wishes have been reflected in the Will. Having a joint Will can also be cost-effective.
Cons: Having a joint Will can cause issues for the beneficiary in the future, as the details in the Will can’t be altered if one partner passes away. This can cause family conflict and legal issues if the living partners personal circumstances change as they would be constrained by the terms of the Will.
In general, joint wills are not actively promoted, however, it is a personal choice so the option to make one is still available.
How to Write a Will
If you are at a point in life where you feel prepared to write a Will, you may be wondering where to start. To simplify this goal, the experienced solicitors at Fairmont Legal are here to guide you through the process. Employing the use of a solicitor will ensure your Will is legally valid and thus your wishes will be honoured. We have your best interests at heart, so you can expect to be treated with patience and compassion from start to end.
Complete our online questionnaire to the best of your ability and a caring member of our Will writing team will contact you to discuss the next steps. Take the first step today in protecting your estate for the long run.
