This Legal Last Will and Testament Form with Instructions, called a Pour Over Will, leaves all property that has not already been conveyed to your trust, to your trust. This form is for people who are establishing, or have established, a Living Trust. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. A "pour-over" will allows a testator to set up a trust prior to his death, and provide in his will that his assets (in whole or in part) will "pour over" into that already-existing trust at the time of his death.
Washington Last Will and Testament with All Property to Trust called a Pour Over Will
Category:
State:
Washington
Control #:
WA-WIL-01900
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Washington Last Will And Testament With All Property To Trust Called A Pour Over Will?
Out of the great number of platforms that offer legal templates, US Legal Forms provides the most user-friendly experience and customer journey when previewing forms before purchasing them. Its complete library of 85,000 samples is categorized by state and use for simplicity. All the documents available on the platform have already been drafted to meet individual state requirements by licensed lawyers.
If you have a US Legal Forms subscription, just log in, look for the template, click Download and get access to your Form name from the My Forms; the My Forms tab holds your downloaded forms.
Keep to the guidelines below to obtain the document:
- Once you see a Form name, make certain it’s the one for the state you need it to file in.
- Preview the template and read the document description before downloading the template.
- Search for a new sample using the Search field in case the one you’ve already found isn’t proper.
- Simply click Buy Now and choose a subscription plan.
- Create your own account.
- Pay using a credit card or PayPal and download the template.
Once you’ve downloaded your Form name, you may edit it, fill it out and sign it in an online editor of your choice. Any document you add to your My Forms tab might be reused many times, or for as long as it remains the most up-to-date version in your state. Our platform provides easy and fast access to samples that fit both legal professionals and their clients.
Form popularity
FAQ
After reading about the benefits of a revocable living trust, you may wonder, Why do I need a pour-over will if I have a living trust? A pour-over will is necessary in the event that you do not fully or properly fund your trust.Your trust agreement can only control the assets that the trust owns.
A will and a trust are separate legal documents that usually have a common goal of coordinating a comprehensive estate plan.Since revocable trusts become operative before the will takes effect at death, the trust takes precedence over the will, in the event that there are issues between the two.
A pour-over will is a just-in-case will that states that your living trust is the beneficiary for any property in your name that's not in the trust at the time of your death, thereby moving any forgotten or remaining assets into the trust.One of the main reasons to create a living trust is to avoid probate.
After reading about the benefits of a revocable living trust, you may wonder, Why do I need a pour-over will if I have a living trust? A pour-over will is necessary in the event that you do not fully or properly fund your trust.Your trust agreement can only control the assets that the trust owns.
A pour-over will is a testamentary device wherein the writer of a will creates a trust, and decrees in the will that the property in his or her estate at the time of his or her death shall be distributed to the Trustee of the trust.
Pour-over wills are subject to probate since the assets have not yet been transferred into the trust. Some states also require your assets to go through the probate process any time your assets or property are over a certain value.Even though pour-over wills don't avoid probate, there is still a measure of privacy.
Important: Although a revocable trust supersedes a will, the trust only controls those assets that have been placed into it. Therefore, if a revocable trust is formed, but assets are not moved into it, the trust provisions have no effect on those assets, at the time of the grantor's death.
When people make revocable living trusts to avoid probate, it's common for them to also make what's called a "pour-over will." The will directs that if any property passes through the will at the person's death, it should be transferred to (poured into) the trust, and then distributed to the beneficiaries of the trust.
Spillover Trusts definition: Spillover trusts are established to hold any remaining assets after all other instructions from the will are carried out.