What are some of the problems associated with joint and mutual wills?
What will be an ideal response?
Joint wills are created as one document and requires the consent of both parties to revoke the document. This may prove difficult. Spouses may get divorced and may no longer have amicable relations, a spouse may outlive another spouse, a spouse may not consent to changes, or a spouse may destroy the document which will cause the other to become intestate. Mutual wills are separate documents with identical provisions, in which there is an agreement that neither testator will change the will until after the death of the other. This places a burden on the survivor.
You might also like to view...
Companies often unilaterally modify their online privacy policies or terms of use agreements which has led to scrutiny by some members of Congress
a. True b. False Indicate whether the statement is true or false
A major issue in e-discovery is ________ of discovery
a. timing b. unreliability c. cost d. labor
In the Johnson v. Calvert case, the California Supreme Court eventually decided the case using which of the following standards?
A) gestational B) intent C) biological/genetic D) best interest of the child
The cost of credit as a yearly rate, given charges in connection with the loan, required to be disclosed to consumers under the Truth-in-Lending Act is known as
a. Assignment b. Amortization c. Points d. Annual percentage rate