Pour-over Will
A pour-over will is a legal document that typically works in conjunction with a revocable or irrevocable trust. It is designed to transfer, or “pour over,” an individual’s remaining assets into an existing trust upon their death. A pour-over will serves as a safety net to ensure that any assets not already held in the trust will be distributed to the trust at death to be administered according to the terms of the trust.
Read more: What is a pour-over will? The essentials financial advisors and clients need to know
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