A DWT Will is a Mirror Will including a
Discretionary trust. This type of Will
is appropriate when you and your partner,
spouse or civil partner wish to write similar wills and your estate is over
£300,000. The benefit of making Mirror Wills
in this way is that you can save inheritance tax payable on your estate. Click
here to read more about DWT Wills...
A
guide to writing your DWT Will...
When you're ready to write
your Will, click the 'I'm
Ready...' link (at the base of this page).
You will then be taken to the page where you select the type
of Will you wish to write. Select 'Mirror Will', then read
through the terms and conditions. Once you've indicated your acceptance,
press the 'Continue' button.
Complete your personal details and enter details of
the executor and beneficiaries of your Will. Answer other questions as
they appear.
Remember: you can save your details at any
point. This allows you to finish the Will at your leisure.
Simply press the 'Save Details'
button (available at all stages of the Will writing process), select
'Sign Up' and specify a username and
password. When you're ready to complete your will, simply return to
the Online
Will website, select to
'Modify Will' and login using your username and
password.
Tips prior to writing
your DWT Will:
1. Decide upon an Executor, e.g.
a friend, relative or Willplan Ltd.
2. Decide if you wish to give a monetary legacy. For example,
you decide to leave £1000 to a friend.
3. If you get stuck (you don't understand a question, or you
don't know the answer), use the 'Save Details' button to save your progress so
far. To recieve assistance in answering a particular question, call us on
0800 0935273, e-mail us at
Enquiries@willplan.co.uk or consult our
online Glossary.
Things to note: The first Will is exactly
the same as a normal single Will.
Your name is substituted with the name of your partner/spouse
at the top of the second Will.
Relationships are calculated in the second will but you have
the opportunity to edit them before it is generated eg if you leave a sum of
money (monetary legacy) to your sister in the first will then this will read
sister-in-law in the second will. You may correct this if it is not the case.
Any legacies of money or personal items are automatically
carried through to the second will and these can be deleted if they apply to
the first will only.
