A Backup Plan for Your Trust-Based Estate Plan
A pour-over will is commonly used with a revocable living trust. Its purpose is to help transfer certain assets into the trust after death if those assets were not already placed in the trust during life.
At Kanu & Associates, P.C., we help clients in Arizona and New Mexico create complete estate plans that may include both a trust and a pour-over will.
Why a Pour-Over Will Matters
Even careful estate plans may leave some assets outside the trust. A pour-over will can serve as a backup document to direct those assets into the trust.
A pour-over will may help:
- Support a trust-based estate plan
- Address assets not titled in the trust
- Name a personal representative
- Nominate guardians for minor children
- Create consistency in estate instructions
Part of a Complete Estate Plan
A pour-over will works best when coordinated with the trust, powers of attorney, health care documents, beneficiary designations, and asset funding strategy.
Speak With an Estate Planning Attorney Today
Contact Kanu & Associates, P.C. today to discuss whether a pour-over will should be part of your estate plan.