What Is a Will Contract?
What is a “will contract,” and why might you care? A will contract is an agreement you might make with another person, often a spouse (and more likely in a second or later marriage) where you each contractually bind yourselves to a particular plan for how your assets will be distributed (i.e., your dispositive scheme). Why might you do this? So, if you die or become incapacitated, your spouse cannot change the plan you have.
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