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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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Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
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