Add Image Fields Legal Connecticut Pour Over Will Forms For Free

To avoid any confusion after your passing, a pour-over will should only include your personal assets, and not any assets that are already part of your living trust.

With a pour-over will, any assets not included in your trust are automatically transferred to your trust after you pass away. Think of it as a kind of “safety net,” capturing any property you didn't transfer to your trust while you were alive.

Here are the items that you absolutely can and should include in your Will: Your basic personal information. Legal language that declares testamentary intent. Your appointed executor.

Disadvantages of a Revocable Living Trust These include: Not for All Assets – Certain assets like IRAs, 401(k)'s, profit sharing accounts, and other things that have designated beneficiaries shouldn't typically be placed in a revocable living trust.

Like other wills, a pour-over will nominates someone to serve as executor of the estate—that is, to wrap up the estate after your death. Normally, the executor's duties include gathering the assets, paying debts and taxes, and eventually transferring the assets to the beneficiaries named in the will.

over will can include instructions for what to do with your assets should that happen. So, rather than revising your wills, you decide to create a pourover will. 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.

There are several types of assets that should not be included in trusts for various reasons: Individual retirement accounts (IRAs) and 401(k)s. Health savings accounts (HSAs) and medical savings accounts (MSAs). Life insurance policies. Certain bank accounts. Motor vehicles. Social Security benefits.

What are the requirements for a valid will in Connecticut? A competent adult testator. Someone generally needs to be a lawful adult to draft testamentary documents. A written document. Two adult witnesses.

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.