On 2008-04-28 12:53:20 -0700, Mark Bole <makbo@[EMAIL PROTECTED]
> said:
> A little too simplistic -- what if you both die at the same time?
> (auto accident, for example).
>
> In the case of spouses, often the assets belong to both anyway, either
> legally or ethically, so JTWROS makes sense. But don't depend on
> JTWROS for children or other descendants, if there is more than one and
> you want the money split according to your wishes. It will never work
> out... unless your kids are space aliens and therefore exempt from the
> normal inter-sibling issues that inevitably arise in these situations.
Agreed. If there are children or many other heirs it would never work.
In our case, there are no kids, and neither of us wants assets to go to
anyone not approved by the other. Our wills are specific as to who
gets it if we die at the same time.
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