Definitions for "pour-over will"
Related Terms:
Living trust, Inter vivos trust, Revocable living trust, Inter-vivos trust, Revocable trust, Testamentary trust, Irrevocable trust, Pour over will, Decedent, Inter vivos, Testamentary, Irrevocable living trust, Residuary beneficiary, Heirs, Residuary, Distributee, Testamentary trustee, Remainderman, Ancillary probate, Heir, Qualified terminable interest property trust, Ab trust, Bequest, Bypass trust, Qtip trust, Probate estate, Successor trustee, Settlor, Intestacy, Blind trust, Remainder beneficiary, Qualified personal residence trust, Qprt, Revocable, Marital trust, Intestate succession, Spendthrift trust, By-pass trust, Trust, Residuary estate, Pretermitted heir, Intestate, Disclaimer trust, In testate, Dynasty trust, A-b trust, Succession, Trusts, Life beneficiary, Credit shelter trust
A provision in will stating that certain assets are to be transferred (poured over) to a trust.
A will that distributes everything to a trust.
A will used with a revocable living trust to "pour-over" to a revocable trust any assets that are not transferred to the trust prior to death. Assets transferred in this manner do not avoid probate.
A Will that says what happens to property that isn't included in an inter vivos trust. The property will be dealt with the same way as all the other assets in the inter vivos trust.
A will that provides for the transfer, after or during the probate court proceeding, of the net assets of the deceased person in the executor's control to the control of a trustee who is in charge of the deceased person's trust that was in existence immediately before the deceased person's death. The executor "pours over" the assets into the existing trust.
a document that will "pour" into the trust any assets you did not transfer into the trust during your lifetime
an attested Will (and may also be self-proving) that is prepared in connection with a revocable trust and gives all of the decedent's property that is subject to probate to the trustee of the revocable trust
a particular type of Will used in conjunction with a Trust
A will that "pours over" property into a living trust at death. Property left through the will generally must go through probate before it goes into the trust.
A simple will used with a living trust in which the person devises any property titled in his sole name to his trust at his death. If there are any such assets, then a probate administration will be required.
A will which is used in conjunction with a revocable living trust to "pour over" any assets which are not transferred to the trust prior to death.
A special Will that accompanies the creation of a trust. It has two functions: (1) the passing into the trust of property that is outside of the trust, and (2) the nomination of a guardian of minor or disabled children, if applicable.
A Will prepared in conjunction with a Trust that provides for all (or most) assets to be transferred into a Trust. It causes a person's Estate to "pour-over" into the Trust.
A document whereby assets controlled by the Will are directed to be poured over into a trust.
A provision in a Will that directs the reside of the estate into a trust, (after Probate).
A pour-over will is used to transfer property to a living trust that was not transferred to the trust during the lifetime of the grantor. People often fund their living trust with the major assets that they own. However, any residual assets transferred to the trust after the grantor's death will not escape probate. The assets poured over through the will have to be probated. The advantage of the pour-over will is that it provides for a uniform disposition of your property under the provisions of one single instrument, the living trust. Even people who transfer all their assets into trust should have a will as a back-up.
A will that transfers property to a preexisting trust at death.
a will that passes assets from your probate estate to your trust.
A will directing that part or all of the testator's assets be transferred or poured over after his or her death into a trust that has its own provisions for distribution of assets. The chief benefits are: (1) unified administration, (2) minimization of administration costs, and (3) protection of family privacy.
A will that leaves some or all estate assets to a trust established before the will-maker's death.
A will that provides for the transfer, after or during the probate court proceedings, of all or part of the net assets of a decedent's probate estate from the executor's control to the control of a trustee who is in charge of a trust that was in existence immediately before the death of the deceased person (inter vivos trust).
A will that transfers assets from the decedent's estate to a previously established trust. A pour-over will is strongly suggested with a living trust document.
A will that provides for the transfer, after or during the probate court proceeding, of the net assets of the deceased person from the executor's control to the control of a trustee who is in charge of a trust that was in existence immediately before the death of the deceased person. The executor pours over the assets into the open vessel of the existing trust.
A Will used in conjunction with a Revocable Living Trust to dispose of any property owned by the decedent at time of death which was not transferred to the Trust. The Pour-Over Will also revokes all prior wills, but unlike traditional wills it does not contain detailed dispositive provisions; rather it directs distribution of all individually owned property of the Testator to the Trustee of his/her Trust. The Trust instrument contains detailed instructions relating to the distribution of the property. Like all Wills, a Pour-Over Will must be admitted to probate to be effective.
Language in a will that provides for the transfer (pour-over) of assets to a trust that, usually due to oversight, were not transferred to the trust during a person's lifetime.
A will used in conjunction with a revocable living trust stating that all remaining assets are to be transferred ("poured over") to the trust. Even where there is a fully funded trust, you should have a pour-over will.
Pour- Over Trust A will which leaves all or a portion of an estate to an inter vivos trust, or an intervivos trust which is added, in whole or in part, to an estate.
A will that transfers property owned by you at your death to a trust. There must be a previously existing trust to receive these assets.
A will that "pours over" property into a trust when the will maker dies. Property left through the will must go through probate before it goes into the trust.
A pour-over will is a testamentary device wherein the writer of a will creates a trust, and decrees in the will that the property in his estate at the time of his death shall be placed in the trust. Under the common law of England, such devices were long held to be void, because the testator could change the disposition of the trust at any time, and therefore could essentially execute changes to the will without meeting the formalities required for such acts. More recently, however, many jurisdictions have adopted the view that a pour-over will is a legitimate device, and have given them effect.