Joint Will
From LawDepot Law Library
Definition of "Joint Will"
A joint will is a single will that covers two people. A joint will determines the distribution of property in a certain way regardless of who dies first. Usually, all the assets go to the survivor but this distribution is not a requirement for it to be a joint will. A joint will can not be changed after one of the parties dies. Accordingly, a joint will can be problematic if the survivor is young and his or her circumstances change such that a change in the will would be required.
