What Is A Pour-over Will And How Does It Work?

Transcript:

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A pourover will is just a legal document that acts as a safety net for trust centered estate plans. The pourover will effectively transfers any assets that you might have left outside of your trust, you know, usually by accident um to your trust upon your death. The example that I often use with clients is the Florida condo. So, let’s set the scene. It’s been some time since we met and you signed your trust. you’re on the brink of retirement and you decide to purchase a condo in Florida. If you fail

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to transfer the ownership of that condo to your trust prior to your death, then the pourover will would effectively transfer that asset to your trust upon your death. However, the caveat is that that pourover will needs to be probated. So the goal is really to never have to use the pourover will, but every trust centered estate plan should include one just in.

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