Do You Have a Pour-Over Will in Place?
When you engage the expertise of a good Reno estate planning attorney you can be certain that all of
your bases will be covered. This is something to keep in mind if you have ever been tempted to utilize
some type of estate planning download that is advertised on the Internet.
If you have not seen them there are websites that market and sell do-it-yourself legal documents
including last wills and trusts. You would do well to pause before buying into the notion of "easy
answers" because things can and do go awry when you try to take legal matters into your own hands.
For example, many do-it-yourself sites offer a living trust, but do not include a will. Some will say, “If I
have a trust, I don’t need a will, right?”
In fact you do need to execute a certain type of will called a pour-over will when you use a revocable
It is possible that you will have some assets titled in your personal name at the time of your death
rather than the trust’s name. The transfer of these assets would then be subject to the probate
process because you did not make arrangements for them to be placed into the trust prior to the time
of your death.
This is what the execution of a pour-over will accomplishes. You state your desire to have your
remaining personal assets "poured over" into the trust. Without a pour-over will those assets would
likely go to an unintended beneficiary.
When you hear about seemingly small but important details such as this one you understand why it is
so important to work with a qualified estate planning lawyer when you are arranging for the eventual
transfer of assets to your loved ones.
Experienced estate planning attorneys Reno NV of the Anderson Dorn & Rader Ltd offers estate
planning and business planning resources to residents of Reno NV. To learn more about these free
resources, please visit www.wealth-counselors.com/ today.