The choice for creating a joint Will exists in some jurisdictions, and this is why the topic is still discussed in numerous law school courses
Some states do not acknowledge the credibility of joint Wills, and most trustworthy estate planning lawyers will encourage against them. Just because you like one another, and possibly even plan to be buried in the very same plot, does not indicate that a joint Will is an excellent concept. Spouses share numerous things, however a Will needs to not be one of them.
A joint Will is typically long and complex. Wills deal with the personality of possessions, property, loan, and other matters of interest, and compounding the combined and separate interests of both spouses is bound to create some headaches for the couple, their children, and potentially, the court of probate. Even if your different Wills end up looking and sounding comparable, it is an excellent concept to create a Will for each partner, resolving their private desires.
Why Estate Planning Lawyer Advise Versus Joint Wills
In this day and age, a lot of married couples have different issues that they need to deal with during the estate planning process. They may hold different property. They may wish to offer an ex-spouse or children from former relationships. They might even have separate monetary holdings and separate interests such as charitable organizations in which one partner has more ties to than the other. Different Wills make sure that the requirements and desires of each partner are separately addressed and couple of problems arise when the Will goes to probate.