What is a pour-over will?

A pour-over will is a document that is used in California Trusts and Estates law. It is a document that allows the assets of a deceased person to be transferred from the decedent’s estate to an existing trust. The purpose of this document is to ensure that all of the assets of the deceased are managed in accordance with the terms of the trust. The pour-over will is an effective way of making sure that any assets that were not placed into the trust during the decedent’s lifetime are still managed in accordance with the terms of the trust. It also allows the deceased’s estate to be settled more quickly and efficiently. The pour-over will directs that any assets not transferred to the trust during the decedent’s lifetime are to be transferred to the trustee after their death. The trustee then manages the assets according to the terms of the trust. This allows for easy management and distribution of the deceased’s assets. The pour-over will is an important tool for California trusts and estates planners. It helps ensure that all assets of the deceased are managed in accordance with the terms of the trust. It also helps the estate to be settled more quickly and efficiently, and it ensures that any assets not placed into the trust during the decedent’s lifetime are still managed according to the trust’s terms.

Related FAQs

What is a charitable remainder trust?
What is a trust agreement?
What is the tax treatment of trusts?
How do I distribute assets from a trust?
What is a tax-free trust?
What is an irrevocable life insurance trust (ILIT)?
What is a testamentary trust?
What is a trustee’s duties?
What is a guardianship?
How do I transfer real estate into a trust?

Related Blog Posts

Understanding the Basics of Trusts and Estates Law - July 31, 2023
Tips for Drafting Wills under Trusts and Estates Law - August 7, 2023
Guidance for Creating a Family Trust - August 14, 2023
What is a Testamentary Trust? - August 21, 2023
How to Name an Executor of Your Estate - August 28, 2023