What is a pour-over will?

A pour-over will is a popular element of trusts and estates law in Washington State. It is a type of last will and testament that allows the testator (the person who created the will) to transfer any assets they own at the time of their death to an existing trust. The assets are “poured” into the trust, so the trust can manage them. A pour-over will also includes language that states that any assets that were not put into the trust during the testator’s lifetime will be placed in the trust upon the testator’s death. This helps to ensure that all of a testator’s assets end up in the trust and are managed according to the terms of the trust. The purpose of a pour-over will is to help protect a testator’s assets. By placing all of their assets in the trust, they can help prevent potential disputes over their estate or assets upon their death. It also allows the assets to be distributed according to the terms of the trust, rather than according to state law. In Washington State, pour-over wills can be a valuable tool for estate planning. They help to ensure that all of a testator’s assets end up in the trust, and help protect those assets from potential disputes or disagreements. It is important to consult with a lawyer when creating a pour-over will, to make sure all of the language is valid and will be enforced.

Related FAQs

What are the types of trusts?
What is a revocable living trust?
What is a charitable remainder trust?
What are the elements of a trust?
What is a discretionary trust?
How do I name a beneficiary in a trust?
What is a testamentary trust?
What is a trust fund?
What is a charitable lead trust?
What is a trust fund agreement?

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