Investor Glossary-joint willInvestor Glossary-joint willInvestor Glossary-joint willInvestor Glossary-joint willInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Joint Will

The HTML to link to this page
 

A joint will is a type of legal agreement, in which property is distributed according to a will without the right to survivorship. According to a joint will agreement, the distribution of assets is predetermined by a joint will regardless of who dies first. A joint will is common among married couples, though legally a joint will can apply to any two people who intend to become each other's beneficiaries according to a stipulated will. Like other legal contracts, a joint will has its benefits and drawbacks. On the plus side, a joint will prevents the surviving person from using the estate in ways that contradict the terms of the joint will contract. Thus for example, should the surviving spouse decide to remarry, a joint will contract may block him or her from granting the estate to the new spouse or stepchildren. A negative of a joint will is its constricting nature and inability to accommodate changing life circumstances.



Rate this joint will definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: implied volatility, EBITDA, APR, liquidity ratio, labor relations, VIX, current ratio, 1031 exchange, balance sheet, ex-dividend, FTSE, risk management, Zero Cost Collar, retained earnings, dividends payable, stock market close, phantom income, diluted share, debt service coverage, required rate of return, 1035 exchange, command economy, inflation, 144a, real GDP, annual return, limit order, deferred tax, stock split, 401a, wholly-owned subsidiary, margin rate, class C shares, option premium, in escrow, open position, deferred revenue, Key Rate Duration, minority interest, per diem, ex-dividend date, covered put, reverse mortgage, cancelled check, average price per share, FICO score, quality assurance, LIBOR, irrevocable trust


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use