Joint ownership of assets is an effective substitute for a will.

Name: Joint ownership of assets is an effective substitute for a will.
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Quizplus · Accepted Answer

Joint ownership of assets may help to avoid probate, but it is not a substitute for a will. A will allows for the distribution of assets according to the Testator's wishes and can provide for guardianship of minor children and other important instructions. Joint ownership does not offer this level of detail and control over the disposition of assets.

Joint Ownership of Assets Is an Effective Substitute for a Will