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A Pour-Over Will is a specialized will that is used as a supplementary document to the Living Trust or Joint Living Trust. Its primary function is to "Pour Over" the Will writer's remaining assets (at the Will writer's death) into the Will writer's Living Trust or Joint Living Trust. Often a Living Trust is established to avoid "probate" of a will, but if any assets were not transferred into the trust �by design or by inadvertence, a pour-over will serves as a safety net to convey those assets into the Living Trust so that they can be distributed with the Will writer's other assets. Note: If a Joint Living Trust has been created, each joint Grantor should prepare a Pour-Over Will.
A Pour-Over Will includes a standard provision that provides for an Executor (Personal Representative in some states). It also includes an optional provision to select a Guardian, if the Will writer has minor children.
Instead of the usual provisions that provide for the distribution of specific bequests, tangible personal property, and the residuary estate, the Pour-Over Will simply distributes the Will writer's remaining assets to his or her Living Trust. The Living Trust then distributes that property, plus the Trust assets, in accordance with the distribution provisions (specific bequests, etc.) of the Living Trust.
The Pour-Over Will should be signed with the same formalities as any other Will.
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What is the smallest industrial coffee maker?
Keep in mind that even a small industrial machine is still fairly large. But the Bunn Pourover Coffee Machines, in general, are among the smallest of their kind.
Does an account become part of the living trust through a pourover will if a beneficiary is named on the account?
NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.NO. Generally, when a beneficiary is named on that account the balance will be paid over to the named beneficiary and will not become part of the owner's estate at their time of death.
