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Simple English definitions for legal terms

pour-over will

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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.

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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