JumpySubsequentDolphin
10:43
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
joint and mutual will
Read a random definition: vi et armis
A quick definition of joint and mutual will:
A joint and mutual will is a legal document that tells people what to do with someone's things after they die. It is made by two or more people who own things together or separately. The will says that when one person dies, the other person will get their things. It is important because it helps make sure that the right people get the things that the person who died wanted them to have.A more thorough explanation:
A joint and mutual will is a legal document that two or more people create to distribute their property after they die. The surviving testator is required to follow the terms of the will. This type of will is also known as a joint and reciprocal will.
For example, a husband and wife may create a joint and mutual will that leaves all their property to each other. When one spouse dies, the surviving spouse inherits everything. When the second spouse dies, the property is distributed according to the terms of the will.
Joint and mutual wills are different from joint wills, which are created by two or more people to dispose of their common property by transferring their separate titles to one devisee.