What is a Single Will?
A Single Will is a legally binding document that allows an individual to set out their wishes regarding the distribution of their estate upon death. It is suitable for individuals who are not in a relationship, those with independent financial arrangements, or anyone wanting a unique and personal Will.
Key Benefits of a Single Will:
- Ensures your assets are distributed according to your wishes
- Avoids intestacy laws deciding who inherits your estate
- Allows you to appoint trusted executors
- Reduces the risk of family disputes
- Enables you to leave gifts or charitable donations
- Helps with inheritance tax planning
- Appoints guardians for minor children
Without a Will, your estate will be distributed under UK intestacy laws, which may not align with your wishes.