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Straightforward instructions on how to SMS Pour-Over Will

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How to SMS Pour-Over Will

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Attorney Andrew Bethel discusses the purpose and function of a pour-over will in relation to a living trust. A pour-over will works alongside a living trust by transferring non-trust assets into the trust after death. It is likened to a teacup (the trust) with a saucer (the pour-over will) that catches any assets that do not enter the trust, preventing them from falling into probate. Essentially, the pour-over will acts as a safety net, ensuring that assets are collected and funneled into the trust instead of being left unprotected. This process helps maintain the integrity of the estate plan by fully coordinating the distribution of assets.

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Does a pour-over will avoid probate in Florida?

However, in Florida, a pour-over Will does go through probate. This means that whatever property has not been transferred prior to death will become part of the public record and count toward your estate administration fees and estate taxes.

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.

What is another name for a pour-over will?

A living trust is a legal document that lets you direct how your assets are distributed after you die. A living trust owns the assets transferred to it, while still allowing you to use and control that property during your lifetime.

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.

Does a pour-over will need to be probated in California?

Not necessarily. Assets in a pour-over will only avoid probate if their total value is under $184,500, thereby qualifying the estate for a small estate affidavit. If the assets total more than $184,500, then they will have to go through probate.

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 a pour out 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.

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.

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SMS Pour-Over Will

Straightforward instructions on how to SMS Pour-Over Will

Follow these basic steps to SMS Pour-Over Will using DocHub:

PDF editing simplified with DocHub

Drive efficiency with the DocHub add-on for Google Workspace

How to SMS Pour-Over Will

Got questions?

Does a pour-over will avoid probate in Florida?

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

What is another name for a pour-over will?

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

Does a pour-over will need to be probated in California?

What does pour over mean in legal terms?

What is a pour out will?

Why is it called a pour-over will?

See why our customers choose DocHub

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