Easily Hide List from the Pour-Over Will

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How to Hide List from the Pour-Over Will

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hey in this video Im gonna talk about the difference between a pour-over will and a regular wheel Im Paul rambling on a state planning attorney I help our clients get and keep their legal affairs in order as a bonus on this video Im gonna give you a shot of our beautiful Louisiana sunrise over my left shoulder okay so the reason Im doing this video is because a lot of I get so many questions whats a pour-over wheel and sometimes you know they get the pour-over word messed up but anyway whats a pour-over will I get that all the time so I came up with the term for purposes of this video a regular wheel because if someone doesnt have a pour-over wheel theyre gonna have our regular wheel and so I really need to give you the background so you can have a good understanding of really what a pour-over will is all about first lets talk about the regular will so the regular wheel is the kind of will that you probably you know think a will is its when someone gets their real will writte

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can my dads girlfriend contest his will?

Contesting wills can only be done by your spouse, children, or people included in your will or codicil (or a previous will or codicil). To contest a will, the person must file a contest during the probate process (the court procedure that enacts a will).

What you should never put in your will?

Things youll want to avoid putting in your will include: Funeral Arrangements. Organ Donation Requests. Assets for Special Needs Children or Pets. Reasons for Your Decisions. Certain Property Types. Business Interests. Assets You Dont Want Entering Probate. Accounts with Named Beneficiaries.

Can I hide my assets in a trust?

You can hide assets in a trust because they offer a great level of privacy. People wont know what is inside the trust. They wont know if theres a relationship between you and the asset protection trust trust.

What are the disadvantages of a will?

Possible challenges. Although its possible that someone could challenge your will, if you have followed all of the proper procedures in its creation, your will and its provisions will likely stand. May need to go through probate. It is public record. May not fully address tax concerns.

What should not write in the will?

What you should never put in your will Trust property. Assets with named beneficiaries. Jointly-owned property. Conditional gifts and bequests. Other things you may not want to put in a will.

Who you should never name as beneficiary?

Naming your estate as your beneficiary You shouldnt name your estate as your beneficiary. Life insurance can be an important tool when youre estate planning and it may be tempting to list your estate as your life insurance beneficiary.

What are the most important things to put in a will?

What You Should Put in Your Will Your basic personal information. Legal language that declares testamentary intent. Your appointed executor. Your appointed guardian for any pets or minor children. A list of your property and named beneficiaries (with certain exceptions)

What is a drawback of a pour-over will?

The main downside to pour-over wills is that (like all wills), the property that passes through them must go through probate. That means that any property headed toward a living trust may get hung up in probate before it can be distributed by the trust.

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