A pour-over will is a simple but essential part of a complete estate plan. It works alongside your trust to make sure any assets you forgot to transfer during your lifetime are still distributed according to your wishes.
When creating a trust, one of the most important decisions you’ll make is choosing a trustee. The trustee is the person or institution responsible for managing the trust’s assets according to your instructions. It is a position of great responsibility, requiring honesty, organization, and good judgment.