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pour over will

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rac99 Guest 0.10 Dollars($)	Posted: Tue Feb 13, 2007 12:32 pm    Post subject: pour over will what is a pour over will? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
blue Joined: 21 Oct 2005 Posts: 1138 Location: MARYLAND 137.61 Dollars($)	Posted: Tue Feb 13, 2007 12:39 pm    Post subject: Hi Rac, Welcome to Mortgagefit discussion board. If there is a living trust and any new property is acquired by the grantor after the trust is created then a pour-over will is required. It is used to distribute such property or any other property which was not included into the trust when it was created to the existing trust. Do let me know if you have any other questions. Thanks Blue _________________ Lets help each other. Try my blog
rac99 Guest 0.10 Dollars($)	Posted: Tue Feb 13, 2007 12:43 pm    Post subject: is it that a pour over will not require probate as there is also a living trust..thanks for the help
colin Moderator Joined: 30 Jun 2006 Posts: 602 Location: Waltham, Massachusetts 112.61 Dollars($)	Posted: Tue Feb 13, 2007 12:47 pm    Post subject: No Rac, having a living trust does not affect the property which is not part of the trust. The pour-over will like any other will is required to go through the probate process. At the time of probate the property as described in the pour-over will would pass into the trust. It would then be distributed as per the terms of the trust. Colin

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