This is the most basic form of Will for an individual who wishes to set out what should happen to their estate after their death.
A Single Will allows you to:
- Name an administrator or administrators who you would like to be responsible for carrying out your wishe concerning your estate after your death. This can be a family member, friend or professional.
- If you have parental responsibility for any children under the age of 18 you can name who you would like to be appointed as their Guardians.
- Name who you would like to leave specific legacies or gifts to people, charities or other parties.
- Name who you want to leave the remainder of your estate to ( your Beneficiaries)
- Stipulate the age at which you would like your beneficiaries to inherit. In the meantime you can appoint a Trustee who will look after the inheritance until the Beneficiaries reach that age.
- In addition, a Single Will also contains powers to allow capital to be given to your Beneficiaries before they reach the age at which the Will states they are to inherit.
For general informational purposes only, not intended or to be taken as legal advice. To make sure it is appropriate for you please seek advice and contact us.