What Is a Pour-Over Will?

A pour-over will is a type of will that you would want to include in your estate plan if you are using a revocable living trust as your primary vehicle of asset transfer. Before we look at pour-over wills, we should explain why you may want to establish a revocable living trust. Efficient Asset Management When you convey property into a revocable living trust, you are referred to as the trustor or grantor.  While you are alive and of sound mind, you can serve as the trustee and control the actions of the trust. You can also act as the beneficiary, so you can receive monetary distributions from the trust as you see fit. The trust is revocable, so if you want to, you can dissolve the trust entirely. When you combine all of the above, you see that you maintain complete control over the resources that have been placed into the trust throughout your life. When you create the trust declaration, you name a successor trustee, and you name successor beneficiaries. You also leave behind instr
http://www.norcalplanners.com/blog/estate-planning/pourover/

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