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.
Here’s how it functions. When you pass away, the pour-over will directs that any remaining assets in your name be transferred, or “poured over,” into your trust. Once there, your trustee manages them according to the instructions you’ve already outlined. This keeps your plan consistent and ensures nothing is left out.
Even with a pour-over will, it’s important to properly fund your trust while you’re alive by transferring titles and updating account ownership. Doing so can help avoid or limit probate, which can otherwise delay distributions and add unnecessary costs.
Think of your trust as the foundation of your estate plan and your pour-over will as the final safeguard. Together, they provide clarity, organization, and peace of mind for both you and your loved ones.
If you’re ready to put these pieces in place, our office can help you create a trust and pour-over will that work seamlessly together. Contact us to schedule a consultation and ensure your estate plan is complete, effective, and tailored to your needs.