Thursday, December 13Deed That Matters

Tag: Disadvantages of Pour Over Wills

What is Pour Over Will and Why we need Pour Over Will ?

What is Pour Over Will and Why we need Pour Over Will ?

Will Forms
What is Pour Over Will? A pour over will is a last will and testament that serves as a safety device wherein the writer of a will makes a trust, and decrees in the will that the property or home in his or her property at the time of his or her death shall be allocated to the Trustee of the trust, or we can say that a pour-over will is a particular type of last will and testament applied in conjunction with a trust-based property plan. It can save the day when the grantor of a trust -- the person who made it -- disregard to transfer all his property into the trust over the years and has no other will to identify which recipients should receive that left out property. How does Pour Over Will work? If you have looked into making a revocable living trust to prevent probate, you may have ...