Estate planning involves deciding between a Joint Will (signed by two people, usually spouses) or an Individual Will (created separately by each person). The differences include:
- Joint Will:
- Single document for both spouses.
- Becomes irrevocable after one spouse’s death.
- Individual Will:
- Separate wills for each person.
- Provides flexibility for changes.
A lawyer helps in choosing the right will based on the individual’s estate planning goals.
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