The option for creating a joint Will exists in some jurisdictions, and this is why the subject is still gone over in many law school courses
However, some states do not recognize the validity of joint Wills, and the majority of respectable estate planning attorneys will encourage versus them. Even if you enjoy one another, and perhaps 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, but a Will should not be one of them.
A joint Will is typically long and complicated. Wills deal with the disposition of assets, 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 a great concept to produce a Will for each spouse, addressing their specific desires.
Why Estate Planning Attorneys Advise Versus Joint Wills
In this day and age, a lot of married couples have different issues that they must address during the estate planning process. They might hold different property. They might wish to offer an ex-spouse or kids from former relationships. They might even have different monetary holdings and different interests such as charitable organizations in which one spouse has more ties to than the other. Different Wills make sure that the requirements and dreams of each spouse are separately resolved and couple of problems emerge when the Will goes to probate.