Contracts to make mutual wills
Hypothetical by Manny Wood published on 1 August 2020. Eliza and Paolo are in their late twenties and have been married for three years. They have done quite well financially and are now looking to start a family. With the protection of their future children in mind, they head to their nearest lawyer to discuss estate planning. Their lawyer suggests that they make Wills and enter-into mutual contracts not to change their Wills. They each create a Will giving their whole estate firstly to each other and then to their children after they both die. Eliza and Paolo go on to have three children before Paolo is [...]