What is a pour-over will?

A pour-over will is a legal document that serves as a part of an estate plan in Oregon. It is used to ensure that any assets that are not specifically addressed in a will are transferred to the beneficiaries named in the pour-over will. Essentially, the pour-over will acts as a safety net, or catch-all, for any assets that have not been transferred to a trust or otherwise specifically addressed in a will. When a pour-over will is created, it is typically tied to a trust that has already been established. This trust will be named as the beneficiary of the pour-over will. When the pour-over will is executed, the assets that are not transferred to the trust will be “poured over” into it. This process ensures that assets are not lost or left unaccounted for. It is important to note that a pour-over will does not replace a traditional will. Rather, it is designed to work in conjunction with a will to ensure that all assets are properly distributed. It is also important to remember that creating a pour-over will does not automatically transfer the assets to the trust. It only ensures that the designated assets will be transferred when the will is executed. As such, it is important that all other estate planning documents are in order before the will is executed.

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What is a pour-over will?

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