Insert Cross into the Pour-Over Will and eSign it in minutes

Aug 6th, 2022
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How to Insert Cross into the Pour-Over Will

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welcome back to my channel my name is Thomas a Bushnell and Im an attorney licensed to practice law in Idaho Washington in California and in this part of our estate planning series were going to be talking about a pour-over will and a trust and how they work together instead of using just a standard will if you refer to that chart weve been using and youll see a B and C and C is probate when the second spouse passes away if you get two words from this entire series its this probate bad probate sucks probably takes nine months to a year five thousand eight thousand dollars on the average it could be as little as two or three it could be a whole lot more if people fight or things are not in order and so well I would like to do is help people save money get things passed on to their kids and of course try to keep the government out of their estate plan so a pour-over will is a will that pours over all your non probate able assets into a trust a trust is something we form why youre l

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A standard last will and testament dictates who should you receive your assets when you die, and a pour-over will is just a type of will that includes language covering any assets and you didnt get to transfer into your trust one that you already created during your life time, which is called a living or inter vivos
The advantages of placing your house in a trust include avoiding probate court, saving on estate taxes and possibly protecting your home from certain creditors. Disadvantages include the cost of creating the trust and the paperwork. Take a look at the pros and cons of creating a trust before you put your house into it.
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.
The Disadvantage of a Pour-Over Will There is really only one disadvantage to this type of will. A pour-over will, like a traditional last will and testament, does need to go through the probate process. The probate process is not fast. It can take many months before the assets can be distributed.
Suze Orman, the popular financial guru, goes so far as to say that everyone needs a revocable living trust.
How do you write a pour-over will? Set up a living trust. Name your trustee as the beneficiary in your pour-over will. Name a will executor. Consider your other estate-planning needs.
Whats The Advantage Of The Pour-Over Will? A pour-over will enables the living trust to make a smooth transfer of assets. The key advantage is that none of your assets will have to be settled ing to the intestate laws of the state.
A pour-over will is a type of will that pours all of those remaining assets of the testator into a trust that is set up before his or her death. The pour-over will guarantees that the assets are transferred to the trust and then distributed to the beneficiaries of the trust.

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