Multiple wills

Commonly referred to as dual wills

An estate-planning strategy where an individual creates two separate wills to manage their assets. A “Primary Will” typically governs assets that require probate, such as bank accounts and real estate, while a “Secondary Will” handles assets that do not require probate, such as privately held shares and debts within a private corporation. By using dual wills, individuals can potentially reduce probate fees. This approach is commonly used by those with significant or complex estates.