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Mutual Will

   Also found in: Legal, Wikipedia 0.01 sec.
Mutual Will
A will executed by a married or partnered couple. Under a mutual will, the surviving spouse is bound by the will's terms after the first spouse dies. In general, mutual wills exist to ensure that property is passed to children of the couple after both spouses die; for that reason, they are most useful if the surviving spouse remarries.


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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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