Pour-Over Will

We like to think we’re pretty savvy when it comes to managing our assets. (Sorta.) That’s why we’ve worked with our financial planner to set up a trust. This way, when we finally make our journey to that big pool party in the sky, the assets in the trust can be given directly to our beneficiaries without having to go through that whole time-consuming probate process.

Since we’re so savvy, though, we don’t just have a trust. We also have a “pour-over will,” which says that any extra assets we have when we die automatically go into that trust, and therefore will also go straight to our beneficiaries. It’s like an asset catchall.

This can be a super-handy little document, because...well, let’s say we win a bunch of lottery money one year. Then, before we have a chance to add any of that money to the trust, we die in some sort of freak accident, Final Destination-style. Our pour-over will is there to make sure that those lottery winnings go into our trust and onward to our beneficiaries, even though we didn’t have a chance to specifically say so ourselves.