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North Carolina Mutual Wills Package for Married Couple with Minor Children

State:
North Carolina
Control #:
NC-WIL-01459C
Format:
Word; 
Rich Text
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Description

The Mutual Wills package with Last Wills and Testaments you have found, is for a married couple with minor children. It provides for the appointment of a personal representative or executor, designation of who will receive your property and other provisions, including provisions for your spouse and children. It also establishes a trust and provides for the appointment of a trustee for the estate of the minor children. This package contains two wills, one for each spouse. It also includes instructions.


The wills must be signed in the presence of two witnesses, not related to you or named in the wills. If your state has adopted a self-proving affidavit statute, a state specific self-proving affidavit is also included and requires the presence of a notary public to sign the wills.

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  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children
  • Preview Mutual Wills Package for Married Couple with Minor Children

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FAQ

Mutual wills are a common estate planning tool. Typically, a couple agrees to leave all or most of their estate to the surviving spouse, who then agrees to provide irrevocable gifts over to children.it must include an agreement not to revoke the wills.

The doctrine of mutual Wills does not theoretically take away the ability to make a new Will revoking the mutual Will.So the practical effect is that a mutual Will is only revocable in accordance with the agreement (if at all).

As mutual wills are binding, the key purpose of such wills is to ensure that property flows to intended, agreed, beneficiaries. They are generally used to ensure that a testator's property can be enjoyed by another during his or her lifetime, but then passes to a third party, the 'ultimate beneficiary.

The difference between them, however, is that in the case of mirror wills, there is nothing to stop either person changing their Wills, even if they are still with the 'mirror' person.

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North Carolina Mutual Wills Package for Married Couple with Minor Children