Other Things To Consider In Probate And Trust
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CGMIMM Import
December 7, 2023 · 8 views
In some cases, both probate administration and trust administration may be required. This is to ensure a comprehensive distribution of assets. To facilitate this, individuals can create a legal instrument known as a “Pour Over Will.” This document serves as a safety net, allowing any remaining assets not already in the trust to be transferred into it.
This happens upon the decedent’s death. By doing so, the assets become part of the trust and are distributed according to its terms. This provides a seamless integration between the probate and trust administration processes.
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