What is a pour-over will?

A pour-over will is a type of estate planning tool used in South Carolina trusts and estates law. It is a will that “pours” all of the assets of an individual into a trust at the time of death. These assets are either already held in the trust or are to be transferred into the trust after the individual passes away. A pour-over will is typically used when an individual already has a trust set up with assets in it. This will ensures that any assets the individual may have forgotten to place into the trust will still be added after death. To make sure all of the assets the individual wanted in the trust are added, this will “pours” any assets not already listed in the trust into the trust after death. This type of will is often used in conjunction with another will called a revocable living trust. This is a trust that the individual sets up while still alive and can change or cancel at any time. The pour-over will is a backup that ensures any assets not included in the living trust will still get added after death. Pour-over wills are an important tool in South Carolina trusts and estates law and can help provide peace of mind to those worried about making sure all of their assets are taken care of properly.

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What is a pour-over will?

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