Is there such a thing as a joint will?
2007-01-17 06:14:33 · 16 answers · asked by Anonymous in Family & Relationships ➔ Other - Family & Relationships
My father in law died recently. His wife (my husband's Stepmum) met someone else, sold the house, moved in with him in their new house, he's now met someone else. His will has never been read and we cannot believe that he didn't leave anything to his children and grandchildren. We think Stepmum is covering something up.
2007-01-17 06:20:45 · update #1
UK ONLY PLEASE!!!!
2007-01-17 06:21:32 · update #2
Yes there is such a thing as a joint Will it is called a "mirror will" and should be made if you are married. For heavens sake dont make it easy for the Probate office to take your money because they will if you dont make a proper Will. If one dies then the property goes to the surviving partner I believe but check it out.ou can phone the Probate Office and they will tell you.
2007-01-17 06:21:29 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes, there is such a thing as a joint will. Although it is known that individual wills are recommended for obvious reasons. I am sure that the will would address the possibility of one survivor.
2007-01-17 06:20:48 · answer #2 · answered by I scream for ICE CREAM!! 3 · 0⤊ 0⤋
Generally a married couple will leave their possessions to each other and then to their children after that so if one person dies the living partner acquires all of the deceased partners money and belongings automatically.
2007-01-17 06:19:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The will gets executed in favor of the surviving spouse. The surviving spouse and any offspring or other 'parties of interest' may dispute provisions in the will, and the process can be long and expensive through the probate courts.
It is better to vest your major assets in an irrevocable trust. Look into it. Best of luck.
2007-01-17 06:17:11 · answer #4 · answered by Dorothy and Toto 5 · 0⤊ 1⤋
As far as I know - no. Each individual makes their own will according to their wishes. A joint will would make it complicated if one person dies and the other wishes to make changes.
2007-01-17 06:19:21 · answer #5 · answered by Michael K 4 · 0⤊ 0⤋
Wills are for the individual, makes no sense having a joint.
2007-01-17 06:17:33 · answer #6 · answered by blue2blnde 4 · 1⤊ 0⤋
The will goes into effect. Normally the will would give the spouse everything, but sometimes there are provisions for children in it.
2007-01-17 06:17:20 · answer #7 · answered by janicajayne 7 · 0⤊ 0⤋
wills are seperate, but a living will can transfer from one person or entity to another without tax consequence I believe as long as they're part of a living trust. A living trust is simple and can save tons of tax dollars if done right.
2007-01-17 06:18:53 · answer #8 · answered by kb6jra 3 · 0⤊ 1⤋
Hopefully they will have had legal advice and made sure that it is worded correctly so that if one of them dies everything goes to the other if that is what they want
2007-01-17 06:17:52 · answer #9 · answered by The Mad cyclist 4 · 0⤊ 0⤋
Each person makes their own will.
Normally each will say "I leave everything to my spouse. But if my spouse should die before me, then I leave .........half to each of our children" or whatever.
2007-01-17 06:19:18 · answer #10 · answered by mcfifi 6 · 0⤊ 0⤋