At the Law Offices of Alhayat Solicitors in United Kingdom, we help individuals like you devise an estate plan that meets their goals and objectives of providing for themselves and their families. No matter what you seek to accomplish by means of your will and trust(s), we can help you achieve it.
One of the most important aspects of estate planning is to make sure that your will and your living trust documents work together seamlessly so that your executor and trustee(s) can carry out your wishes in the way you desire. As you likely realize, your trust(s) contain(s) only those assets you transferred to it or them at the time you set it or them up. This can present a significant future disadvantage. FindLaw explains, however, that you can overcome this disadvantage via a pour-over will.
Pour-over will benefits
As implied by its name, your pour-over will instructs your designated executor to pour over whatever assets you personally own at the time of your death into the trust of your choice. Consequently, it provides you with the following benefits:
- You need no longer worry about constantly updating your trust to include newly-acquired assets.
- Your pour-over will serves as your one-time catchall document for all the assets you personally own when you die.
- You gain the peace of mind of knowing that your estate plan will continue working as you desired even after your death.
Full compatibility
Your pour-over will and trust document(s) must be drafted properly in order to be compatible with each other. For instance, each document should mention the other(s). In addition, no document should include language that conflicts with language in any of the others. For more information, please visit this page on our website.
