In the realm of estate planning, a Pour Over Will works hand in hand with a living trust to ensure that all assets of an individual are managed and distributed according to their wishes. This legal instrument directs the probate court to transfer any remaining assets that were not included in the living trust during the person's lifetime into the previously established trust upon their passing.
By utilizing a Pour Over Will, individuals can maintain control over their assets, ensuring they are distributed according to their intentions and specific instructions.
In Missouri, the pour-over will directs the probate court to transfer any remaining assets into a previously created trust, allowing them to be managed and distributed according to the terms of the trust rather than the will. This ensures that the assets are distributed efficiently and in accordance with the decedent's wishes, regardless of whether they were explicitly listed in the living trust during their lifetime.
The pour-over will effectively merges the probate estate with the living trust, ensuring that all assets are subject to the terms and conditions outlined in the trust document. This legal mechanism helps to streamline the probate process, minimizing delays and potential conflicts, while also providing peace of mind to individuals knowing that their estate will be managed and distributed according to their specific instructions.