TaxTMI 
TaxTMI 
Will, Joint wills and Mutual wills
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....o effect after his death." Will takes effect after the death of testator. Rights and obligations of an executor of a Will arise only then. No right is created in the executor during the life time of the testator. Appointment of a testator and appointment of a trustee stand completely on different footings. [Krishna Kumar Birla vs Rajendra Singh Lodha and ors.- 2008 (3) TMI 741 - SUPREME COURT....
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....e subsequent separate will contains revocation clause. Mutual wills.- The term 'mutual wills' is used to describe separate documents of a testamentary character made as the result of an agreement between the parties to create irrevocable interests in favour of ascertainable beneficiaries. The revocable nature of the wills under which the interests are created is fully recognised by the ....
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....n identical terms. If no such agreement is shown, each party remains free to revoke his will, if there are separate wills, or to revoke the joint will, so far as it disposes of his property, and the fact that one party has died without revoking the disposition of his property does not prevent the survivor from revoking the disposition which he has made notwithstanding that he has received benefits....
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....visions of the joint will or mutual wills." Jarman on Wills in 8th edn., at pages 42, states the position of mutual wills thus: "The fact that a husband and wife have simultaneously made mutual wills, giving each to the other a life interest with similar provisions in remainder, is not in itself evidence of an agreement not to revoke the wills; in the absence of a definite agreement t....