Mr. Goodwin is everything you want in an attorney: professional, honest, thorough, and genuinely caring. He always explains things clearly, so I understood exactly what was happening and what to expect next. His attention to detail and persistence really stood out. Looking back, I feel lucky to have found him. He guided me through the whole process expertly, and I deeply appreciate all his hard work. Would definitely recommend him to anyone needing legal help.
A pour-over will is a device that is used simultaneously with a Trust. A pour-over will comes into play when a person dies and that person created a trust during his or her lifetime. The pour-over will then “pours” over into the Trust any property still owned by the deceased person at the time he or she dies.
One reason a pour-over will is beneficial is that the deceased person might acquire property shortly before they die and forget to put it into the trust. Another reason a pour-over will is helpful is so the deceased can intentionally leave certain property out of the trust during his lifetime to avoid certain property taxes and inconveniences associated with transferring property into a trust.
It is important to remember that for property to pour over into the trust, you must create the pour-over will. If the deceased dies without a will, then the property not in the trust will be distributed according to the laws of intestacy and will not pass according to the Trust terms. To avoid this occurrence, it is essential the deceased person execute a pour-over will whenever he creates a trust.
To discuss your need for a trust and pour-over will call the Law Offices of Albert Goodwin at (212) 233-1233.
About the Author
Albert Goodwin Esq. is a licenced New York attorney with over 17 years of courtroom experience. His extensive knowledge and expertise make him well-qualified to write authoritative articles on a wide range of legal topics. He can be reached at 212-233-1233 or [email protected].
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