Fighting For My Reputation

Fighting For My Reputation

What Is A Pour-Over Will And What Are The Benefits?

Luke Warren

A complete estate plan should contain a will and so much more. Many estate experts advise people to also have a trust. A pour-over will is a particular type of will used in conjunction with a trust. The primary purpose of a pour-over will is to transfer any assets that were not properly titled or transferred to the trust during the person's lifetime to the trust upon their death. Here are just a few of the benefits of having a pour-over will:

Avoiding Probate

One of the main benefits of having a pour-over will is that it can help to avoid probate. By transferring any remaining assets to the trust, those assets can be distributed to beneficiaries without going through the probate process. As a reminder, probate can last several months and cost hundreds of dollars. 

Ensuring the Trust Is Funded

A pour-over will can also help to ensure that the trust is properly funded. If any assets are not properly titled or transferred to the trust during the person's lifetime, the pour-over will can be used to transfer those assets to the trust after death.

Privacy

Unlike a will, which is a public document that must be filed with the court and is available for anyone to view, the terms of a trust and a pour-over will can remain private. This can be beneficial for individuals who value privacy. It also avoids some issues with beneficiaries comparing their inheritances. 

Flexibility

A pour-over will can also provide flexibility in estate planning. For example, it allows the person to make changes to the trust during their lifetime without having to amend the will. In general, it is easier to amend a trust than it is to amend a will.

Simplification

Having a pour-over will can simplify the estate planning process. Rather than having to transfer each asset individually to the trust during the person's lifetime, the pour-over will can be used to transfer any remaining assets to the trust after death.

A pour-over will can be a useful tool in estate planning, especially for individuals who have a trust. By transferring any remaining assets to the trust upon death, a pour-over will can help to avoid probate, ensure the trust is properly funded, provide privacy, offer flexibility, and simplify the estate planning process. Contact a will-planning attorney in your area to learn more about the different kinds of wills, including roll-over wills. 


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Fighting For My Reputation

After I was accused of committing crime that I knew I wasn't guilty of, I realized that there were a few things I needed to take care of, and fast. For starters, I needed to focus on fighting for my reputation by working with a criminal attorney. I started looking around for a great lawyer who was qualified to take my case, and I was able to find a professional that I really felt comfortable with. They had a ton of experience and a commitment to keeping me happy, and within a few short months I was proven innocent. This blog is all about fighting for what you know is right.

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