When discussing estate planning you may have heard the term “pour over Will” used at some point and wondered “What is a pour over Will and do I need one?” The simple answer to that is that if you are relying on a revocable living trust to handle the fate of your estate assets after your death you should also create a pour over Will as well. A Last Will and Testament typically serves as the foundation of an estate plan; however, you may choose to rely on a revocable living trust to handle your … [Read more...] about What Is a Pour Over Will and Do I Need One?
pour over will
Getting a Revocable Living Trust is an important step in avoiding Probate hassles. However, it is only a first step and there are other things that you should do. Everyone's case is slightly different, but here are a few things to consider after getting a Revocable Living Trust: 1. Fund the Trust. This is the most important step. A Revocable Living Trust does not do any good if you do not transfer your assets to it. You do not have to transfer all of your assets to the trust, but your most … [Read more...] about After Getting a Revocable Living Trust