Add a Smart Field Legal Kentucky Pour Over Will Forms For Free

You'll need to: Set up a living trust. Before you can make a pour-over will, you first need to create a living trust. Name your trustee as the beneficiary in your pour-over will. Name a will executor. Consider your other estate-planning needs.

In it, you specify that any assets you and your spouse obtain, that aren't included in your wills, should transfer into the trust upon your death. You also make sure to outline what should happen if there are complications with the trust, stating that your assets will automatically go to your beneficiaries.

Pour-Over Will Example When one spouse dies, their car, which the couple titled only in that person's name, ends up flowing smoothly into the trust. The other spouse continues to act as a trustee, so they may continue to use the car as if it were titled to them, even though its title gets transferred to the trust.

How do you write a pour-over will? Set up a living trust. Before you can make a pour-over will, you first need to create a living trust. Name your trustee as the beneficiary in your pour-over will. Name a will executor. Consider your other estate-planning needs.

The main downside to pour-over wills is that (like all wills), the property that passes through them must go through probate. That means that any property headed toward a living trust may get hung up in probate before it can be distributed by the trust.

To fully protect himself, his wife and his children, he decides to create a Pour Over Will that explicitly states “any assets or property that are not in my Trust at the time of my death, that are not clearly left to a beneficiary of my Will, should immediately go into my Living Trust.” Once Rob passes away, all ...

over will is a legal document that ensures an individual's remaining assets will automatically transfer to a previously established trust upon their death.

A standard will is intended to account for the entirety of the deceased's estate. They provide instructions for distributing all assets. By comparison, a pour-over will only gives instruction for handling assets not included in the standard will.

over will can help the family and beneficiaries of the testator's will avoid probate on nontrust assets by transferring them into the trust's care after the testator dies. If the value of the pourover assets does not exceed California's statutory limits for trust funds, the assets will not move into probate.