Easily Insert Field Settings into the Pour-Over Will

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How to Insert Field Settings into the Pour-Over Will

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hi this is mike young estate planning and vessel protection attorney in walnut creek california and i would like to explain to you what a poor over will is we get that question all of the time what is the poor over will before i proceed click the subscribe button below so that you can get notice of future videos i create on estate planning and asset protection so most estate plans in california are trust-based plans that means that we create a revocable living trust for a single person or or for a couple and we transfer assets into the revocable living trust for instance lets say bob and mary smith create a revocable living trust and then they transfer title of their home to their revocable living trust so bob and mary smith husband and wife as community property transfer their home to bob and mary smith co-trustees of the bob and mary smith revocable living trust and then if if bob dies the home stays in the trust for the benefit of mary and when when mary passes away the home is dis

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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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Is a last will and testament the same as a pour-over will?

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

Do all wills have to go through probate in Washington state?

Washington State law DOES NOT REQUIRE Probate. Probate is discretionary. Practically speaking only a small percent of deaths in Washington result in a Probate being filed.

Does a will in Washington state need to be docHubd?

No, in Washington, you do not need to docHub your will to make it legal. However, Washington allows you to make your will self-proving and youll need to go to a notary if you want to do that. A self-proving will speeds up probate because the court can accept the will without contacting the witnesses who signed it.

What do you put in a pour-over will?

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.

Why is it called a pour-over will?

Under the terms of a pour-over will, all property that passes through the will at your death is transferred to (poured into) your trust. Then its distributed to the trust beneficiaries you named while you were alive.

What is a pour-over will in Washington 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.

Does pour-over will avoid probate in Washington state?

If you set up a revocable living trust you also need to have a will executed. It would state that your probate assets (assets not transferred into the trust) should be poured over into the trust. A revocable living trust can prevent the expense of probate.

What are the disadvantages of a pour-over will?

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.

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Insert Field Settings into the Pour-Over Will