Estate Planning And Spouses: Is A Joint Will A Great Concept?

The option for creating a joint Will exists in some jurisdictions, and this is why the topic is still gone over in lots of law school courses

Some states do not acknowledge the validity of joint Wills, and the majority of trustworthy estate planning attorneys will encourage against them. Even if you love one another, and possibly even plan to be buried in the same plot, does not mean that a joint Will is an excellent idea. Partners share many things, however a Will should not be one of them.
A joint Will is typically long and complex. Wills deal with the personality of properties, property, loan, and other matters of interest, and intensifying the combined and different interests of both partners is bound to develop some headaches for the couple, their children, and potentially, the probate court. Even if your separate Wills end up looking and sounding similar, it is an excellent concept to develop a Will for each partner, resolving their individual desires.

Why Estate Planning Lawyer Advise Versus Joint Wills
In this day and age, most married couples have different concerns that they need to attend to throughout the estate planning process. They may hold separate property. They may wish to attend to an ex-spouse or kids from previous relationships. They may even have different monetary holdings and different interests such as charitable companies in which one partner has more ties to than the other. Different Wills make sure that the requirements and desires of each spouse are separately attended to and few issues emerge when the Will goes to probate.