Tag: revocable

One of important pieces of your estate plan is the"pour-over will."Yet, a lot of people don't understand what it is, what it does, or why it's required.First, what's a"pour-over will?"Simply put, It's a last will and testament that says that ifThere's an advantage that was left from your revocable living trust, then the lost advantage is to be placed ("poured over") into your revocable living trust so the missing asset will be transferred together with the other assets of your revocable living trust...