Pour Over Will
Discover how a pour-over will integrates with a trust to efficiently manage and distribute assets after death. Enhance your estate planning strategy.
How does a pour-over will simplify estate planning?
A pour-over will functions by transferring any assets not already included in a living trust into that trust upon the grantor's death. This document is vital because it ensures that even assets acquired after the trust’s setup are efficiently handled and re-titled in the trust's name. This process can be pivotal in reducing probate time, ensuring that your estate is managed with your intended purposes in mind, and providing a seamless transition of your complete asset inventory into a single managing instrument. Consequently, it is often used alongside living trusts to create a more robust estate planning strategy.
