Wills are the most common way for people to state how their property and affairs should be distributed and handled after their deaths. A well-written will eases the transition for survivors by transferring property quickly and avoiding many tax burdens.
Wills vary from extremely simple single-page documents to many pages, depending on the estate size and preferences of the person making the will. If a person dies without a valid will and did not make alternative arrangements to distribute property, a probate court must step in to divide up the estate using legal defaults that give property to surviving relatives.
Mirror wills is the term used to compare two separate wills executed by the spouses naming the other spouse as executor.
The Financial Services Authority does not regulate wills.
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