Private Trust Services
Joint Will
A joint will is a legal document created by two individuals, typically a married couple, to express their shared wishes regarding the distribution of their assets after their deaths.
This unified document combines the testamentary instructions of both parties in a single, cohesive will. In a joint will, the surviving spouse inherits the entirety of the estate upon the first spouse’s death, and the remaining assets are distributed according to the agreed-upon terms after the second spouse passes away.
Who needs this?
Do you have assets that are jointly owned? Would you like to have those assets professionally administered for you?
This Will Structure might be for you!
BENEFITS
- Unified Decision-Making: Joint wills facilitate unified decision-making for couples, allowing them to mutually agree on how their assets will be distributed after both pass away.
- Simplicity in Execution: A Joint Will is a single testamentary document executed by both individuals, thereby simplifying the execution process, compared to having separate wills.
- Shared Estate Planning: Couples can articulate their shared estate planning goals, ensuring that their combined wishes and intentions are clearly outlined in a single document.
Talk to a trust advisor now
“For more information regarding setting up a Joint Will, please contact us today.”
