Will - Pour-Over Will

Definition

A Pour-Over Will is a specific type of Last Will and Testament designed to work in conjunction with a living trust to provide a safety net for assets that might have been overlooked in trust planning.

This type of will

  • allows any assets not already in your living trust at the time of your death are transferred (“poured over”) into the trust,
  • ensures any forgotten assets or recently acquired property will be included in your trust, and
  • appoints someone to manage the transfer of assets to the trust.

Any assets not already in a trust will still go through probate but their distribution is governed by the Pour-Over Will, not intestate succession.

Learn More

https://www.americanbar.org/groups/real_property_trust_estate/resources/estate_planning/an_introduction_to_wills/

Suggest a Change

Want to add to this entry? Email us at hello@sabal.finance with your suggestions!