Definition of a Pour Over Will

A pour over will is the term used to describe an estate in which all assets are transferred directly into an established trust. When someone creates a pour over will, they are protecting their assets by giving a specific direction to place all assets into a trust. Once the transfer is made, the trust is distributed to the designated beneficiaries.

This type of will is convenient for estate planners who do not wish to place all of their assets into a trust when it is first created. It is also used by those who did not move their estate's assets prior to their death. For example, person may have chosen to set aside some assets, but used the remainder of their assets for their daily needs.