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How to Insert Image to the Pour-Over Will

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[Music] what is a poor over will youve probably heard that term and have no idea what it means and most people dont so let me explain hi im lynn st louis estate planning and elder law attorney here in washington so a poor over will is simply a will it is a type of will its no different than any other kind of will so why is it called pour over the reason its called pour over is if youve heard that term your attorney has said that to you you have a revocable living trust as a component of your estate plan so a revocable living trust is a document that you sign as your estate planning as part of your estate plan and the purpose of it is so that upon your death you dont need to go through a probate process so lets say you and your spouse have a revocable living trust the idea is is that when the first of you dies everything probably goes to the surviving spouse when both of you die maybe everything goes down to your children or wherever you want it to go the terms of the trust say

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Does a will override a trust?

Does a Will Supersede a Trust? Wills control the estate. Trusts control the trust estate, the assets that are placed within their ownership. They do not overlap and therefore cannot supersede each other.

Can power of attorney benefit from a will?

Yes, you can include your attorney in your will. Indeed, most people would expect to see your appointee, having looked after your affairs, named as a beneficiary in your will. The law says your attorney must execute your estate without benefit or advantage to themselves.

What are the advantages of a pour-over will?

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.

What are the benefits of using will?

Some benefits of having a will include the power to allow you to: Ensure that your possessions will be distributed in ance with your wishes. Appoint and assign powers of an Executor or Estate Trustee, and avoid a lengthy probate process. Express funeral and burial arrangement wishes.

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.

What is a pour-over gift to an inter vivos trust?

A pour-over will is a type of will that works in partnership with a living trust. Its designed to catch property you didnt put in your trust during your lifetime letting the court know you want these assets transferred to your trust after you die.

What is a pour-over will in California?

The pour-over will names your living trust as the beneficiary. This allows any money or property you own individually to be transferred or poured over into your living trust upon your death.

What is the difference between a trust and a will?

Trusts provide for the management and distribution of your assets during lifetime and after death. A Will, on the other hand, allows you to do things like name guardians for your children, appoint an executor for your estate, and declare your final wishes.

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