Thursday, January 07, 2010

What is a pourover will?

When someone has created a revocable trust, we usually create a pourover will. This will protects the individual or couple in case there is property that does not get contributed to the revocable trust. For example, someone with a revocable trust may forget to title a new car in the name of the revocable trust. In that instance, the will, when probated, would serve to place the ownership of that car into the name of the revocable trust, i.e. "pours it over into the trust".

If you need a revocable trust, pourover will, or other estate planning advice, contact the Peterson Law Group.

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