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How to use or fill out Legal Last Will and Testament Form with All Property to Trust called a Pour Over Will - Wyoming
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Click ‘Get Form’ to open it in the editor.
Begin by entering your full name and county of residence at the top of the form. This personalizes the document and establishes your identity.
In Article One, specify the date you created your Living Trust and its name. This section ensures that any assets not transferred during your lifetime will be directed to your trust upon death.
Proceed to Article Two, where you will outline how debts and expenses should be handled. Clearly state that these will be paid by your Personal Representative or trustee if funds are unavailable.
If applicable, complete Article Three regarding guardianship for minor children. Indicate whether you have minors and name a guardian if necessary.
In Article Four, appoint a Personal Representative who will manage your estate. Include a successor in case the primary cannot serve.
Review Articles Five through Seven for additional provisions regarding bond waivers, powers of representatives, and intent behind the will's construction.
Finally, sign the document in front of witnesses as required by Wyoming law to validate your will.
Start using our platform today to easily complete your Pour Over Will for free!
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To execute a pour-over will, you first create a revocable living trust, then draft the will stating that any remaining assets at your death will pour over into that trust. After your passing, the will goes through probate, and the court transfers the assets to the trust according to your instructions.
What is a drawback of a pour-over will?
The testator appoints a personal representative (also known as an Executor) to distribute the assets as directed by the will. A pour-over will is a much simpler document whose purpose is to transfer any assets owned by the testator at the time of their death into the living trust.
Do you need a pour-over will if you have a trust?
Even if you use a trust as your primary estate planning tool for distributing your assets after you die, you should also consider having a pour-over will. With a pour-over will, any assets not included in your trust are automatically transferred to your trust after you pass away.
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A trust is a relationship in which a property owner, known as the settlor, transfers property to a per- son, known as the trustee, who holds legal title to.
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