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How Do Pour-Over Wills Work?

How Do Pour-Over Wills Work?

What is a Pour-Over Will? A pour-over will is a last will and testament that transfers all of the deceased person’s property, upon death, into a revocable living trust. Simplifying; a pour-over will directs that all property that passes through the will be transferred...

Older Couples Selling Their Homes Can Get Major Tax Breaks

Older Couples Selling Their Homes Can Get Major Tax Breaks

Susan recently lost her husband, Carl, and is now a widow. They shared ownership of their home with the right of survivorship. In simpler terms, this means that upon the death of Carl (co-owner), the surviving co-owner (Susan) automatically acquires full possession of...

How a Trust for Minors Works

How a Trust for Minors Works

A trust for minors is typically established as a strategy to protect assets and distribute property to children without allowing them immediate access to their inheritance. Typically, minor trusts come with instructions that specify when the funds, estate, or other...