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A pour-over will is a type of will commonly used in conjunction with a revocable living trust in estate planning. It is designed to simplify the transfer of assets upon death, ensuring that any assets not included in the trust are "poured over" into the trust upon the individual's death. This helps avoid the probate process for the assets. Typically, in a revocable living trust, assets are managed during the lifetime, and upon the death of the first spouse, the surviving spouse usually inherits the assets. Ultimately, upon the death of both spouses, assets pass to children or designated beneficiaries as outlined in the trust terms.
