A viewer asked: If you have a living trust, do you even need a will? This recording is Jake Claver's answer, in full and unedited.
Also coveredliving trust, revocable trust, probate
More on this subject: jakeclaver.com.
What this recording covers
Claver explains why individuals who have established a living trust still require a pour-over will within their estate planning framework. While a revocable trust holds and administers designated assets, property acquired after the creation of the trust often remains titled under personal ownership. Claver notes that items such as precious metals, personal heirlooms, real estate, and miscellaneous possessions might inadvertently remain outside the trust entity. A pour-over will functions as a legal safety mechanism that automatically transfers all remaining personally held property into the revocable trust upon the grantor's death. By incorporating this testamentary provision, an estate ensures that unassigned assets integrate directly into the established trust structure, thereby bypassing formal probate court proceedings. Claver underscores that maintaining both instruments provides complete administrative coverage for personal property throughout generational asset transfers.
Where this fits
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