A Pour Over Will specifies that all property that passes through the will at the time of your death is transferred to your trust. It is “poured over” into the trust. Then the property is distributed to the beneficiaries named in the trust.
The main downside to pour-over wills is that your estate must go through probate. Property intended for your living trust may remain in limbo in probate before it can be distributed by the trust. This forces the trust to wait months (or even longer) to receive the property. If you’re considering executing a living will, we highly recommend consulting an attorney.
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