The option for producing a joint Will exists in some jurisdictions, and this is why the topic is still talked about in many law school courses. However, it takes a special Lake Elsinore Probate Attorney to know how it all comes together!
Some states do not recognize the validity of joint Wills, and most trusted estate planning lawyers will recommend versus them. Just since you love one another, and possibly even plan to be buried in the very same plot, does not imply that a joint Will is a good idea. Spouses share many things, but a Will must not be one of them.
Estate Planning and the Joint Will
A joint Will is frequently long and complex. Wills handle the personality of properties, property, loan, and other matters of interest, and intensifying the combined and separate interests of both partners is bound to create some headaches for the couple, their children, and potentially, the court of probate. Even if your different Wills wind up looking and sounding comparable, it is a good idea to develop a Will for each partner, resolving their private desires.
Why Estate Planning Attorneys Advise Versus Joint Wills
In this day and age, many married couples have different issues that they must address throughout the estate planning procedure. They might hold different property. They might wish to attend to an ex-spouse or kids from previous relationships. They may even have different financial holdings and separate interests such as charitable organizations in which one spouse has more ties to than the other. Different Wills make sure that the requirements and wishes of each partner are individually addressed and couple of problems occur when the Will goes to probate.