Easily Remove Option Choice into the Pour-Over Will

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How to Remove Option Choice into 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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Can you make a will without a lawyer in Ohio?

Do I Need a Lawyer to Make a Will in Ohio? No. You can make your own will in Ohio, using Nolos Quicken WillMaker Trust.

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

Who inherits when there is no will in Ohio?

If there is no spouse and no children, the deceaseds parents will inherit. More distant relativesaunts, nephews, cousins of any degree, etc. are next in line if the deceased had no spouse, children, or parents. If the court cannot locate any living relatives, the state of Ohio will inherit the entire estate.

What makes a will valid in Ohio?

The will shall be attested and subscribed in the conscious presence of the testator, by two or more competent witnesses, who saw the testator subscribe, or heard the testator acknowledge the testators signature.

What is a pour-over will in Virginia?

A pour-over will is an estate planning device used alongside a revocable living trust. This type of will has only one beneficiary: your revocable living trust. As a result, a pour-over will ensures that any assets you left out of the trust will be transferred into the trust upon your death.

What is a pour over clause in a will?

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 Ohio?

A pour-over will can sweep up any assets you may have forgotten or not gotten around to transfering and deposit them into the trust for distribution to the trusts beneficiaries. You can also use the pour-over will to make specific bequests if you do not actually want everything going into the trust.

Does a pour-over will avoid probate in Ohio?

Do assets in a pour-over will avoid probate? No. While assets you place in a trust can be distributed directly to your beneficiaries without going through the probate process, anything you dont transfer to your living trust must go through probate court.

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