Revocable Form Trust With Pour Over Will
Description
How to fill out Revocable Trust Agreement Regarding Coin Collection?
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FAQ
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.
over will is a legal document that ensures an individual's remaining assets will automatically transfer to a previously established trust upon their death.
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.
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.
To leave property to your living trust, name your trust as beneficiary for that property, using the trustee's name and the name of the trust. For example: John Doe as trustee of the John Doe Living Trust, dated January 1, 20xx.