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mutual wills
(redirected from Mutual will)

   Also found in: Financial, Wikipedia 0.01 sec.

mutual wills n. wills made by two people (usually spouses, but could be "partners") in which each gives his/her estate to the other, or with dispositions they both agree upon. A later change by either party is valid unless it can be proved that there was a contract in which each made his/her will in the consideration for the other person making his/her will as written. (See: mirror wills)



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There may be situations where in anticipation of death a parent and a step parent make Mutual Wills.
The North Carolina Court of Appeals held that Helen's second will was valid, because the mutual will placed no contractual obligation on her to refrain from executing a new will; see Est.
We have also maintained that Washington Mutual will ultimately do the right thing and sell the land,'' Griffin said.
 
 
 
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