Reasons for creating a pour-over will
Including a pour-over provision is like having a safety net for any assets that you may have forgotten about or intentionally left out of a trust that you would like to move into a trust after death. This can help your heirs avoid probate, or at least make the probate process go faster. Though probate laws vary from state to state, for the most part the assets that “pour” into the trust will avoid probate if they total less than $100,000.00. However, you should check with a trust and estate attorney in your state to learn about your state’s laws.
How to create a pour-over will
In order to create a pour-over will, a revocable living trust must already have been properly established. If you are interested in setting up a pour-over will, consult with a trust and estate attorney in your state.
To learn more about trusts, see Establish Trusts.