This has all the features of a Will with Severance plus
After the death of a partner we will re-plan your estate to take account of the changed circumstances and write another will
Protection against sideways disinheritance. If you pass away first and your spouse meets someone else they may get married and carry on in life together. When your spouse suddenly dies without having made a Will, the children from your relationship may find that their inheritance has legally gone to the survivor through the law of Intestacy. Your own children could get nothing.
Protect their inheritance if your children divorce. Protect what your children inherit from you and ensure it doesn't go to the disgruntled spouse of your children.
Inheritance tax planning - mitigate for future generations. Reduce the amount of IHT your beneficiaries may have to pay
Preserve the Inheritance Tax Nil rate Band of 1st person to die so it can be used on 2nd death. Any unused nil rate band from the first partner who dies can be can be utilised by the 2nd partner when they die.