Mutual Wills for Blended Families

Are you part of a blended family and considering making a will? Mutual wills may be a good option for you and your partner. Mutual wills are wills made by two people, often spouses or partners, with similar or identical terms. They also enter into a contract agreeing not to change their wills without the other's consent. This provides certainty that the property will pass to the intended beneficiaries, even if the surviving spouse remarries or enters into a new relationship. Mutual wills have several benefits, including providing certainty and peace of mind, encouraging clarity, and protecting assets for children in blended families. However, they also have some disadvantages, such as being final and absolute, and not preventing challenges from being made against the will. If you and your partner are considering making mutual wills, it is crucial to obtain legal advice before doing so. Contact our experienced wills and estate lawyers today to discuss if mutual wills are appropriate for your circumstances. For the full article, please see Blended Families '€“ Should you make Mutual Wills?