What is a pour-over will?

A pour-over will is a type of will that is used in conjunction with a trust in the state of Virginia. It is used to ensure that all of an individual’s assets are transferred into the trust following the individual’s death. It serves as a way to “catch” any assets that may have been overlooked or forgotten at the time the trust was created. In a pour-over will, the individual indicates which assets they wish to have transferred into the trust upon their death. This could include things such as money, stocks, real estate, or any other type of asset. For items not included in the will, the individual’s beneficiaries may be able to receive the assets directly. When the individual passes away, the executor of the estate is responsible for ensuring that all of the assets listed in the pour-over will are transferred into the trust. The executor is also responsible for making sure the assets that are not specifically addressed in the will go to the specified beneficiaries. The pour-over will ensures that all of the assets are passed into the trust, where they can then be distributed in accordance with the individual’s wishes. The use of a pour-over will can help to avoid any confusion or disputes that may arise after the individual’s death regarding the distribution of their assets.

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What is a pour-over will?

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