Pour Over Wills
Work with Our Los Angeles Wills Attorney
trusts may generally be presented as two completely separate legal avenues for
estate planning and asset distribution but the two can coincide with one
another. By using a pour over will you can enjoy some of the benefits
of both wills and trusts without overly complicating matters. If you think
this sounds like the solution for you,
contact our Los Angeles wills attorney from the Law Offices of David A. Shapiro. Our staff of legal professionals
can ensure that your needs are met and unnecessary obstacles are removed.
We pride ourselves on our individualized attention and client care!
Call 310.853.1554 for a
free case evaluation today.
Pour Over Will Details and Uses
When an asset is assigned to a trust, it can become inaccessible depending on the
type of trust that has been used. It may also be difficult to transfer newly acquired
assets into your trust. If you want to keep the flexibility of a will
but also benefit from the express nature of a trust, a pour over will
could be the answer for you. Upon your passing, any portion of your estate
that passes through your will is automatically transferred, or pour into,
your preexisting trust for distribution based on your wishes, not the
laws of your state.
Benefits of using a pour over will include:
Ease: Rather than making your loved ones sort through both a will and a trust,
you can simplify the process by pouring your will into your trust so only
one document is necessary.
Thoroughness: If you forgot to assign something to your trust, you need not worry. Anything
and everything is subject to pour over so you can be certain that nothing
Privacy: Wills can be accessed by the public after your passing, but a pour over
will cannot because it is technically a form of trust.
There is one major potential downsides of pour over wills you should consider first:
probate. Whatever goes through your pour over will needs to go through probate
before it enters your trust. If time is of the essence for your beneficiaries,
the probate process may be a considerable disadvantage to them.
How Our Los Angeles Wills Lawyer Can Help You
At our firm,
trust litigation is one of our primary focuses, so we are very familiar with all aspects
of trusts and pour over wills. We will walk you through the process of
handling your trust and pour over will with all the knowledge, care, and
skill at our disposal. All you need to do is pick up the phone and dial
310.853.1554 to connect with our caring and compassionate team.