We’re married and share everything anyway. Why shouldn’t we just have a joint will?
It sounds nice. But it’s a bad idea and here’s why:
❌ A joint will CANNOT BE CHANGED once one of you dies.
In other words, your surviving spouse can’t do anything with the assets after you’re gone.
If you die and your spouse wants to turn your shared money into education funds for the grandkids, or if they want to sell the house 🏠, or if they realize one of the kids should receive their inheritance slowly through a trust rather than an outright gift…
They can’t do ANY of that 😧. Their hands are tied because they signed a joint will.
Do you have a joint will? Maybe you should consider a trust instead.
William Wombacher, your Central Illinois Certified Elder Law Attorney (CELA) and Social Security Disability Specialist. I’ll help you!
Call me at 309-674-8125, visit at www.wombacherlaw.com
Serving Peoria, East Peoria, Peoria Heights, Pekin, Dunlap, Chillicothe, Morton, Washington, Metamora, Canton, Galesburg, Lacon, Henry, Bloomington, Normal and surrounding cities and counties of Peoria, Tazewell, Woodford, Fulton and Knox Counties in Central Illinois.