mutual wills

mutual wills
Sometimes called twin wills. Wills executed pursuant to an agreement between two or more persons to dispose of their property in a particular manner, each in consideration of the other. Anno: 169 ALR 12, 13. Wills executed with a common intention on the part of the testators, irrespective of whether there is a contract between them. Anno: 169 ALR 12, 13. Mutual wills may be in separate instruments or in the same instrument. Anno: 169 ALR 13. See reciprocal wills.

Ballentine's law dictionary. . 1998.

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  • mutual wills — wills made by two persons who, in pursuance of an antecedent agreement, leave their estates reciprocally to the survivor. In English law, either will may be revoked during the joint lifetimes of the testators, but equity will specifically enforce …   Law dictionary

  • mutual wills — Those made as the separate wills of two people which are reciprocal in provisions. Or those executed pursuant to agreement or compact between two or more persons to dispose of their property in particular manner, each in consideration of the… …   Black's law dictionary

  • mutual wills — Those made as the separate wills of two people which are reciprocal in provisions. Or those executed pursuant to agreement or compact between two or more persons to dispose of their property in particular manner, each in consideration of the… …   Black's law dictionary

  • mutual wills — noun plural : wills pursuant to agreement between and made by two or more persons that contain similar or identical testamentary provisions in favor of each other or of the same beneficiary called also reciprocal wills …   Useful english dictionary

  • Joint wills and mutual wills — Wills, trusts and estates …   Wikipedia

  • mutual — mu·tu·al / myü chə wəl/ adj 1: directed by each toward the other: reciprocal mutual orders of protection in domestic violence cases L. H. Schafran and Norman Wikler 2: shared in common …   Law dictionary

  • mutual will — One in which two or more persons make mutual or reciprocal provisions in favor of each other. Mutual wills are the separate wills of two persons which are reciprocal in their provisions, and such a will may be both joint and mutual. Sometimes… …   Black's law dictionary

  • mutual — Common to both parties. Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received; spoken of an engagement or relation in which like duties and obligations are exchanged; e.g., the marital relation. As… …   Black's law dictionary

  • mutual — Common to both parties. Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received; spoken of an engagement or relation in which like duties and obligations are exchanged; e.g., the marital relation. As… …   Black's law dictionary

  • Mutual Will — A type of will, usually executed by a married or seriously committed couple, that is mutually binding. After one party dies, the remaining party is bound by the terms of the mutual will. The purpose is often to make sure property passes to one s… …   Investment dictionary

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