Wills & Estates

Pour Over Wills

What is a Pour Over Will?

A Pour Over Will is a legal document that works in conjunction with a trust. It allows any assets not already included in the trust to “pour over” into the trust upon the individual’s death.

Key Points About Pour Over Wills:

  • Designed to work in conjunction with a trust
  • Ensures all assets are properly managed
  • Can help avoid probate for assets not in the trust

Benefits of a Pour Over Will:

  • Asset protection and management
  • Privacy in asset distribution
  • Streamlined probate process

How Wright Street Lawyers Can Help:

At Wright Street Lawyers, our experienced estate planning team can assist you in creating a comprehensive estate plan that includes a Pour Over Will to ensure your assets are protected and distributed according to your wishes.

Frequently Asked Questions

1. Do I need a Pour Over Will if I already have a trust?

Having a Pour Over Will is recommended even if you have a trust to ensure that any newly acquired assets are included in your estate plan.

2. Can a Pour Over Will help avoid probate?

While a Pour Over Will cannot completely avoid probate, it can help streamline the process for assets not already in the trust, potentially saving time and costs for your beneficiaries.

3. How often should I update my Pour Over Will?

It is advisable to review and update your Pour Over Will whenever there are major life events such as marriage, divorce, birth of children, or significant changes in your assets.

Contact Us

If you need assistance with creating a Pour Over Will or have any questions regarding estate planning, contact Wright Street Lawyers today for client-focused legal advice and representation in Adelaide, South Australia.

Phone: 123-456-7890

Email: info@wrightstreetlawyers.com