Combination Wills Flashcards
1
Q
Joint WILLS
A
A joint will is a single instrument executed by two or more testators and intended to be the will of each. This highly unadvisable technique was frequently used by married couples in the past.
2
Q
Reciprocal or Mutual Wills
A
Reciprocal or mutual wills are separate wills executed by two or more testators that contain substantially similar provisions. These are often called “sweetheart wills.”
3
Q
Contractual Wills
A
A contractual will is a will executed or not revoked as the consideration for a contract. A contract to make, not to make, or not to revoke a will is valid.