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WISCONSIN WILL INSTRUCTIONS All Property to Trust Pour over Form

WISCONSIN WILL INSTRUCTIONS All Property to Trust Pour over Form

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to understand what constitutes a poor over will it is important to understand revocable living trusts a living trust holds the assets of the truster or person creating the trust a trustee is a person with a fiduciary responsibility of managing the assets and the trust for the benefit of the beneficiaries living trusts are revocable and to be valid they must be funded in other words they must actually hold assets when the truster passes away there may be assets that have not yet been transferred into the living trust that is where the pour over will becomes relevant a poor over will is a type of will stating that any assets are property owned by the truster at their death will transfer or pour over into the trust the transfer is automatic as the living trust and pour over will were created prior to the death of the truster anyone who wants all their assets to go into a living trust at the time of their death should consider a poor over will even with the best laid plans life can be unpr

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