While you may have heard of a will, you may not have heard of a pour over will. A pour over will, however, can be a valuable estate planning tool when properly employed. In particular, a pour over will can be a great safety net if you have put a trust in place to hold your assets in order to avoid the costly and time consuming proceedings involved in probate. Read on to find out what exactly a pour over will does and why it can be such a useful part of your estate plan.
What is a Pour Over Will?
In a pour over will, which is a legal document, the remaining assets in a person’s estate automatically transfer to a previously established trust when they die.
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