What is a pour-over will?

A pour-over will is an estate planning document commonly used in trust-based estate plans in Washington. It is a will that ensures any assets that have not been transferred to the trust prior to the testator’s death are “poured over” into the trust upon death. This way, all the assets of the testator are effectively managed by the trust and are subject to the direction of the trustee. A pour-over will also ensures that all estate assets are transferred to the trust, regardless of their ownership. This way, the trust is fully formed and administered properly. Without a pour-over will, assets could remain out of the trust and be subject to probate court proceedings. Having a pour-over will is beneficial to an estate because it minimizes taxes and court fees, facilitates efficient distribution of assets, and ensures that the testator’s wishes are carried out in a timely manner. Any instructions in the pour-over will should be followed carefully. A pour-over will is just one estate planning document available in Washington. Other estate planning documents, such as a last will and testament, revocable trust, and durable power of attorney should also be considered when planning for the future. It is important to consult with an experienced attorney and estate planner in order to make sure you have the best plan in place for you and your family.

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What is a pour-over will?

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