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mutual wills

   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 mutual wills showed the existence of a contract and the beneficiaries named in those wills were entitled to the assets; see Godwin.
The elderly couple had made mutual wills appointing the other as sole executor to their assets.
 
 
 
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