Mutual Will

(redirected from Mutual wills)
Also found in: Legal.

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.
References in periodicals archive ?
These cases show it is important to understand the difference between Mirror Wills (which can be changed) and Mutual Wills (which cannot).
The court reasoned that the existence of mutual wills gives rise to a presumption of a contract.
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.
They executed mutual wills, both of which provided that, if a disclaimer was made by the decedent, the disclaimed portion of the estate would go into a trust.