The option for developing a joint Will exists in some jurisdictions, and this is why the subject is still talked about in many law school courses
Some states do not recognize the credibility of joint Wills, and a lot of respectable estate planning lawyers will recommend versus them. Even if you enjoy one another, and possibly even plan to be buried in the exact same plot, does not suggest that a joint Will is a great concept. Partners share numerous things, however a Will should not be one of them.
A joint Will is typically long and complicated. Wills deal with the disposition of assets, property, money, and other matters of interest, and intensifying the combined and separate interests of both spouses is bound to develop some headaches for the couple, their kids, and possibly, the probate court. Even if your separate Wills wind up looking and sounding comparable, it is a good idea to develop a Will for each partner, addressing their specific desires.
Why Estate Planning Attorneys Advise Versus Joint Wills
In this day and age, many couples have separate concerns that they should attend to during the estate planning process. They may hold different property. They may wish to offer an ex-spouse or kids from previous relationships. They may even have different monetary holdings and separate interests such as charitable companies in which one spouse has more ties to than the other. Different Wills ensure that the needs and desires of each spouse are individually attended to and couple of issues emerge when the Will goes to probate.