Wills & Estates

Mirror Wills

Mirror wills, also known as mutual wills, are a pair of wills made by two individuals, typically spouses or partners, that mirror each other in terms of the beneficiaries and instructions. This legal arrangement is common among couples who wish to leave their assets to each other and then to the same beneficiaries after both of them pass away.

Key Components of Mirror Wills

Mirror wills typically contain the following key components:

  • Reciprocal Beneficiaries: Both wills name each other as the primary beneficiary.
  • Successor Beneficiaries: After the passing of both individuals, the wills outline who will inherit the assets.
  • Instructions for Assets: The wills detail how assets such as property, investments, and personal belongings will be distributed.

Benefits of Mirror Wills

Some of the benefits of mirror wills include:

  • Clarity: Mirror wills provide clear instructions on asset distribution.
  • Security: They offer security and peace of mind knowing that your wishes will be carried out.
  • Legal Protection: Mirror wills can help prevent disputes among family members.

Frequently Asked Questions

1. Are Mirror Wills legally binding in Australia?

Yes, mirror wills are legally binding in Australia as long as they meet the requirements set out by the state’s laws.

2. Can Mirror Wills be changed or revoked?

Yes, mirror wills can be changed or revoked at any time as long as the individuals are of sound mind.

3. Do Mirror Wills cover all assets?

Mirror wills typically cover most assets, but it is important to review and update them regularly to ensure all assets are included.

Contact Wright Street Lawyers for Guidance

If you are considering mirror wills or need assistance with estate planning, probate, or any legal matter in Adelaide, South Australia, contact Wright Street Lawyers. Our experienced team specialises in family law, estate planning, probate, and criminal defense. We are here to provide you with client-focused guidance and representation to ensure your legal needs are met.

Reach out to Wright Street Lawyers today for a consultation to discuss your legal concerns and explore your options.