Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

pour-over will

Read a random definition: rule of court

A quick definition of pour-over will:

A pour-over will is a type of will that includes a provision to transfer any remaining assets to a living trust after the person who wrote the will passes away. This is helpful because it can avoid the need for probate court and extra fees. However, it's important to make sure the will is well-written to ensure it works properly. Different places have different rules for pour-over wills, but in California, a person can create a valid devise by will to a trustee of a current or future trust as long as they also create another written document that explains the terms of the trust.

A more thorough explanation:

A pour-over will is a type of will that includes a provision to transfer any remaining assets of the estate to a living trust upon the testator's death. This trust is managed by a trustee and can help avoid the probate court process, reduce attorney's fees, and provide certain federal estate tax benefits.

For example, if a testator has a pour-over will and a living trust, any assets not already in the trust at the time of their death will be transferred to the trust through the pour-over provision. This can help ensure that all assets are managed according to the testator's wishes and avoid the need for probate court proceedings.

It's important to note that the rules for pour-over wills can vary by jurisdiction. For instance, California recently updated its laws to allow for trusts to be created after the pour-over will. This means that a testator can create a valid devise by will to a trustee of a current or future trust, as long as the will identifies that trust and the testator drafts another written instrument that outlines the terms of the trust.

Overall, a pour-over will can be a useful estate planning tool for those who want to ensure that their assets are managed according to their wishes and avoid the probate court process.

pot trust | power of acceptance

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
GreyCeaselessMammoth
10:44
egypt! wa usratik mineyn?
indian people are also vitamin d deficient lolol
cumsock
10:44
i want a burgerrrrrrrrrr cheesy burger double patty bacon pickles
10:44
i am vitamin d deficient lol
PuppyBot
10:44
no pickles
JumpySubsequentDolphin
10:45
@GreyCeaselessMammoth: I LOVE EGYPTIAN ARABIC IT KILLS ME
JumpySubsequentDolphin
10:45
im palestinian
shaquilleoatmeal
10:45
@lilypadfrog: lmao, i get vo2 testing done at a lab and they offer it so i just do it. Also wtf havent u gotten a physical in so long?!
GreyCeaselessMammoth
10:45
JUMPYYYY we're neighbors!!
cumsock
10:45
what if ur irish and u are pale enough to reflect light does that mean ur deficient
@GreyCeaselessMammoth: i eat mostly whole foods now on my day to day and its the best
PuppyBot
10:45
maybe. i also burn. so i dont get how im deficient
GreyCeaselessMammoth
10:46
well i'm white but my stepdad is egyptian so i've been there a bunch and raised in a multi-gen egyptian household
10:47
Bio Chemistry is odd, some ppl just cannot absorb certain nutrients/vits. Like some calcium deficient ppl actually loose more calcium when they increase intake.
10:48
also some ppl are hyper sensitive to hormones/vit/nutrients.
JumpySubsequentDolphin
10:48
@GreyCeaselessMammoth: love my masris
JumpySubsequentDolphin
10:48
@PuppyBot: I burn bad i don’t get it either
cumsock
10:49
i burn worse
shaquilleoatmeal
10:49
deficiencies are one thing, what scares me the most is if i ever became antibiotic resistant
GreyCeaselessMammoth
10:50
i'm going again to egypt this summer, i think it'll be my last time for a while, at least until after law school
PuppyBot
10:50
i wonder if renard is going to get me that snowglobe from paris
GreyCeaselessMammoth
10:50
@JumpySubsequentDolphin: my cousins wife is palestinian, their wedding was so cool. it was neat learning about the palestinian wedding traditions
PuppyBot
10:50
prob not :/
10:51
I tan super well, its a wild blessing being eastern european and doesnt make much sense
10:51
@Mostlylegal: same. During end of summer i am darker than some black ppl
JumpySubsequentDolphin
10:51
@GreyCeaselessMammoth: hehe my brother’s wife is Egyptian. but omg I love palestinian weddings. did they have a zaffeh/dabke group perform
10:51
I used to get called hispanic a lot, same for my mom
10:52
o well we all the same race
10:52
one love
10:52
<3
LSD+ is ad-free, with DMs, discounts, case briefs & more.