释义 |
mutual wills
mutual willsn. wills made by two people (usually spouses, but could be "partners") in which each gives his/her estate to the other, or with dispositions they both agree upon. A later change by either party is valid unless it can be proved that there was a contract in which each made his/her will in the consideration for the other person making his/her will as written. (See: mirror wills) 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 the mutual wills agreement (thereby effectively making revocation by the survivor impossible) after the death of one of the parties.FinancialSeeMutual Will |