Some people might think they are getting a deal with a joint will, but “Buy One, Get One Free” is not always the way to go. The terms of a joint will may not be binding forever, especially if one spouse outlives the other by several years, potentially changing the feelings and intent of the surviving spouse. The survivor can revoke a joint will at any time, unless there are binding contract terms between both signers. So, if you think getting a joint will makes estate planning easier and cheaper, think again. It is best to get two wills and not fall into the BOGO bogus.
See George Fox, A Joint Will Is Not a Bargain BOGO, Big Canoe News, April 27, 2016.
