I. Overview of a Trust
When a Trust is created, all of the Grantor’s assets that would be required to pass through probate are usually transferred into the Trust. There are certain times when as asset is accidentally not put into the trust, acquired after the Trust is created or purposefully not owned by the trust. If this is the case, that assets most likely will have to go through Probate Administration. A Pour-Over Will is an estate planning document that is intended to complement a trust by transferring all of an individual's assets into the decedent's trust upon their passing through probate.
The assets transferred into the decedent's trust will then be distributed in accordance with the terms specified in the trust.
II. Advantages of a Pour-Over Will
Using a Pour-Over Will to transfer your assets to a trust make it much easier for your wishes to be administered and distributed to the beneficiaries.
Using a Pour-Over Will ensures assets that you may not have had the chance to transfer before your passing are included in the trust for proper distribution to beneficiaries.
For more information, visit our YouTube Channel and view our video "Trust Funds 101 - Part 7: Pour-over Will."
III. Contact Us
Call Attorney, Kimberly M. Soto at 321.972.2279 about your Pour-Over Will and Estate Planning needs. The Soto Law Office, P.A. is conveniently located in Altamonte Springs, FL near I-4, and proudly serves residents in Altamonte Springs, Apopka, Casselberry, Longwood, Ocoee, Orlando, Orange County, Osceola County, Lake County, Seminole County, Volusia County, and throughout Central Florida.