Estate Planning 101-F

CREATE A "POUR-OVER" PROVISION

 

With a living trust you should create a “pour-over” provision in your will which adds other assets to the trust at your death. Thus, all of your assets will be in one vehicle managed by one trustee under a single trust agreement. 

Furthermore, the pour-over will acts as a backup plan, in the event you add assets to your estate later and inadvertently (or intentionally) do not add them to your living trust during your lifetime.