A joint will is a single legal document created by two spouses that outlines their wishes regarding the distribution of their assets upon death. This type of will can simplify the estate planning process and ensure that both parties’ intentions are clearly stated. Below are three diverse examples of joint wills that serve as practical templates for spouses.
This example is ideal for couples who have children and want to ensure that their assets are passed down to their offspring.
In this joint will, both spouses agree on the distribution of their assets, which includes their home, savings, and personal belongings. They designate their children as the primary beneficiaries.
“We, John Smith and Jane Smith, being of sound mind, do hereby declare this to be our joint will. Upon the death of either of us, the surviving spouse shall inherit all our assets, including our house located at 123 Main St, Springfield, and all bank accounts held jointly. Upon the death of the surviving spouse, all remaining assets shall be distributed equally among our children, Emily Smith and Michael Smith. This will supersede any previous wills made by either of us.”
Notes: It’s important to consult with a legal professional to ensure that the joint will complies with local laws and regulations regarding inheritance and estate taxes.
This example is suitable for couples who wish to leave specific items or amounts to certain individuals, such as family members or friends, along with their general estate.
In this scenario, the couple specifies particular bequests while still maintaining general provisions for their estate.
“We, David Johnson and Lisa Johnson, hereby declare this to be our joint will. We appoint each other as the primary executor of this will. In the event of the death of one of us, the surviving spouse shall inherit all assets. We also bequeath the following: to our niece, Sarah Johnson, we leave our collection of antique jewelry; to our friend, Mark Taylor, we leave our vintage car; and to our son, Alex Johnson, we leave the family cabin at Lakeview. Upon the death of the surviving spouse, all remaining assets shall be divided equally among our children, Alex and Brian Johnson. This will revokes any prior wills made by either of us.”
Notes: Specific bequests can help reduce disputes among heirs, but it is vital to clearly identify items and beneficiaries to avoid confusion.
This example is particularly useful for couples who want to address various scenarios, such as what happens if both pass away simultaneously or if one spouse dies before the other.
In this joint will, the couple includes contingency provisions to cover multiple scenarios.
“We, Robert Brown and Susan Brown, hereby declare this to be our joint will. In the event that one of us predeceases the other, the surviving spouse shall inherit all assets. Should we both pass away at the same time, all our assets, including our home and investments, shall be distributed as follows: 50% to our daughter, Michelle Brown, and 50% to our son, Jason Brown. Additionally, if Michelle is not alive at that time, her share shall be divided equally among her children. This will revokes any previous wills made by either of us.”
Notes: Including contingency clauses can help to avoid legal complications and clarify intentions in complex situations. Always ensure the language used in the will is precise and clear.
These examples of joint will for spouses provide a foundation for understanding how couples can effectively plan for their estates. It’s always advisable to consult with a legal expert when drafting a will to ensure compliance with local laws and to tailor the document to your specific needs.