Which statement about joint wills is true?

The statement that joint wills can only be revoked by both parties is accurate. A joint will is a single legal document executed by two or more individuals that outlines how their assets will be distributed upon their deaths. Typically, once a joint will is executed, it remains in effect and cannot be altered or revoked without the consent of both parties. This is because joint wills often reflect a mutual agreement regarding the distribution of assets, and revocation by only one party would potentially undermine that agreement.

In contrast, irrevocable joint wills create a stronger commitment to the terms outlined within them. This is significant because it means that both individuals have agreed upon the allocation of their combined estates, reinforcing the restrictions on changing the document without agreement from both parties. Therefore, the requirement for mutual consent to revoke a joint will is a distinguishing feature that reflects the cooperative nature of the arrangement.

The other options indicate misunderstandings of joint wills. Joint wills are not typically enforceable upon the death of either party—this would depend significantly on the specific terms of the will and local statutes. They do not have to be notarized by a public official in most jurisdictions, although notarization may be beneficial for authenticity; the validity of a will generally hinges on it being properly executed according to state