Establishing a trust is a crucial and efficient part of your estate planning. It's vital to remember that your trust only governs the assets that are actually placed into it. If an asset isn't titled in the trust's name, the trust may not be able to manage or distribute it. When your trust is initially set up, you transfer ownership of your property to the trust's name. But what should you do when you acquire new property after your trust is established? It's essential to re

However, even the most carefully prepared estate plans can overlook an asset. A newly acquired piece of property, a forgotten bank account, or another asset may never be formally transferred into the trust. When this occurs, a Pour Over Will can play a critical role.

A Will provides a mechanism for you to make the decisions regarding the administration of your estate and the timing and terms of...