Asked by elizabeth mccloskey on Jun 18, 2024
Verified
A ________ is a will that two or more testators execute in which they leave property to each other as long as the survivor agrees that when he or she dies, the remaining property will be distributed according to a plan created by all testators.
A) A planned will
B) An estate will
C) A mutual will
D) A co-will
E) A presumptive will
Mutual Will
A type of will created by two or more individuals, usually spouses, that makes binding agreements regarding the disposition of property upon their deaths.
- Recognize various forms of wills and trusts along with their distinct features.
Verified Answer
AN
Amadi NkosiJun 24, 2024
Final Answer :
C
Explanation :
A mutual will is a legal agreement between two or more parties to draft their wills in a way that reflects a mutual agreement on how their assets should be distributed upon their deaths. This type of will ensures that the surviving party or parties honor the distribution plan agreed upon by all testators.
Learning Objectives
- Recognize various forms of wills and trusts along with their distinct features.