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How to Share Pour-Over Will

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Attorney Andrew Bethel discusses the importance of a pour-over will in conjunction with a living trust. A pour-over will functions by transferring non-trust assets into your trust upon your passing. It is likened to a teacup (the trust) and a saucer (the pour-over will), where the saucer catches any assets that haven't been placed into the trust, preventing them from entering probate. This mechanism ensures that all assets are secured within the trust instead of falling into the probate process, essentially acting as a safety net for your estate. The pour-over will is crucial for effectively managing your estate and ensuring that all assets are smoothly integrated into your trust.

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What are the two types of wills?

The four main types of wills are simple, testamentary trust, joint, and living. Other types of wills include holographic wills, which are handwritten, and oral wills, also called nuncupativethough they may not be valid in your state. Your circumstances determine which is best for you.

What do you put in a pour-over will?

You should include language in your Pour Over Will that clearly states: any assets or property that are not in the Trust at the time of death, and that do not have a named beneficiary, should be transferred to the Trust after you pass.

What does pour over mean in legal terms?

Search Legal Terms and Definitions A pour over will is a protection which is intended to guarantee that any assets which somehow were not included in the trust become assets of the trust upon the partys death.

What is the difference between a pour-over will and a will?

The difference between a simple will and a pour-over will is that a simple will is meant to handle your entire estate, such as by leaving it to your spouse or your kids. A pour-over will exists only to move assets into the trust and works in conjunction with either a revocable living trust or an irrevocable trust.

Do you have to probate a pour-over will in Texas?

A pour-over will only goes through probate if you have failed to attach all your assets to your living trust. The probate process with a pour-over will is much shorter than probate with a traditional will.

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.

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.

Do you have to probate a pour-over will in Texas?

A pour-over will only goes through probate if you have failed to attach all your assets to your living trust. The probate process with a pour-over will is much shorter than probate with a traditional will.

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Share Pour-Over Will

Simple instructions on how to Share Pour-Over Will

Follow these simple steps to Share Pour-Over Will employing DocHub:

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How to Share Pour-Over Will

Got questions?

What are the two types of wills?

What do you put in a pour-over will?

What does pour over mean in legal terms?

What is the difference between a pour-over will and a will?

Do you have to probate a pour-over will in Texas?

Why is it called a pour-over will?

Why is it called a pour-over will?

Do you have to probate a pour-over will in Texas?

See why our customers choose DocHub

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