Arizona Living Trust With Pour-over Will
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FAQ
over will transfers assets into your trust while a testamentary trust is set up by your will. Both accomplish the result of transferring assets into a trust, but a pourover will moves your assets into an already existing trust.
Does a Pour-Over Will Avoid Probate? Just like any other type of will, a pour-over will must be signed by yourself and two witnesses in order to be considered valid in Arizona. However, it must still go through probate and be validated by the court before your assets can be distributed to the living 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 ...
In the state of Arizona, you are not required by law to have a trust or will in place. However, this does not mean that it is not necessary to have these estate planning documents in order to protect your assets and make sure your wishes are carried out after your death.
EXAMPLE: Joy transfers her valuable property to her living trust. She also makes a pour-over will, which states that any property she owns at death not specifically left to someone in the will goes to the living trust.