Living Trust Online With Pour-over Will
Description
How to fill out California Living Trust For Husband And Wife With No Children?
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FAQ
over will is a type of will with a provision to ?pour? any leftover or unallocated assets in a person's estate into a living trust when the person dies. The idea is to minimize the probate process and ensure that assets are distributed as the deceased wishes.
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.
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.
over will is a legal document that ensures an individual's remaining assets will automatically transfer to a previously established trust upon their death.
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.