HopefullyInLawSchool
16:06
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
joint will
Read a random definition: Contract Clause
A quick definition of joint will:
A joint will is a legal document that two or more people create together to say what they want to happen to their things after they die. It's like a wish list for their stuff. They might give their things to one person or split them up between a few people. It's important to make a joint will so that everyone knows what the plan is and there are no arguments later on.A more thorough explanation:
A joint will is a legal document that is executed by two or more testators, usually a married couple, to dispose of their common property by transferring their separate titles to one devisee. It is also known as a conjoint will.
For example, a husband and wife may execute a joint will that leaves all their property to their children after both of them pass away. In this case, the will is executed by both the husband and wife and is considered a single document.
The joint will is different from a mutual will, which is two separate wills in which two persons establish identical or similar testamentary provisions disposing of their estates in favor of each other.