Wills & Estates

The Role Of Pour Over Wills In Estate Plans

Introduction

Estate planning is a crucial aspect of managing your assets and ensuring your loved ones are taken care of after
you pass away. One important tool in estate planning is the pour-over will. Wright Street Lawyers in Adelaide,
South Australia, can assist you in creating a comprehensive estate plan that includes a pour-over will.

What is a Pour Over Will?

A pour-over will is a legal document that works in conjunction with a trust. It ensures that any assets not
included in the trust during your lifetime are transferred to the trust upon your death. This helps streamline
the distribution of assets and ensures that your wishes are carried out as intended.

Benefits of a Pour Over Will

– Simplifies the estate administration process
– Helps avoid probate for assets held outside the trust
– Ensures assets are distributed according to your wishes outlined in the trust document

Creating a Pour Over Will

To create a pour-over will, it is essential to work with an experienced estate planning lawyer like Wright Street
Lawyers. Our team will tailor the will to complement your existing trust and ensure that all your assets are
accounted for in the estate plan.

Frequently Asked Questions

1. Do I Need a Pour Over Will if I Have a Trust?

Yes, having a pour-over will is essential even if you have a trust. It acts as a safety net to capture any assets
that were not transferred to the trust during your lifetime.

2. Can I Change the Terms of a Pour Over Will?

Yes, you can update the terms of your pour-over will at any time by working with your estate planning lawyer to
make the necessary amendments.

3. What Happens if I Don’t Have a Pour Over Will?

Without a pour-over will, assets not included in the trust may have to go through probate, which can be a
time-consuming and costly process. It is recommended to have a pour-over will to avoid these complications.

For client-focused assistance with creating a pour-over will or any other estate planning needs, contact Wright Street
Lawyers in Adelaide, South Australia. Our experienced team specialises in family law, estate planning, probate,
and criminal defense.

Reach out to Wright Street Lawyers for all your estate planning needs.

Contact us today at (08) 1234 5678 or email info@wrightstreetlawyers.com.au.