A “Pour Over” will is a document that is used as a supporting document in a Trust Based Estate Plan.  Trust based plans rely on “funding” or “retitling” of your assets, property, bank accounts, etc.  A Pour Over Will is a backup instrument that is intended to take care of anything that was not funded properly, whether…

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Once again last week I got to explain to a client that Wills only work through the probate system.  A very, very nice lady came in with her elderly mother’s will.  It had been prepared by an out of town firm by a lawyer recommended by a financial planner.  The will was simple, but valid.  When…

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Many times wills do absolutely nothing.  Consider this sad, true story, modified only slightly: I received a call from a client a little while back.  We’ll call her Suzy.  Her father had died four years ago.  He left a Will that said, in essence, I leave everything to my wife should she survive, and if not to…

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Once again today I got to explain to a child that a Will does not override a Beneficiary Deed. Beneficiary Deeds transfer property to another upon the death of the owner of the property. They are sometimes called “TOD” or “Transfer on Death” Deeds. Assuming the beneficiary is alive it happens instantly and automatically upon…

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We are often asked about what happens when one dies without a will in Missouri. The better question should be something like “What happens when one dies without a will, a trust, or any other mechanism to transfer my assets and property?” The answer is a little complicated. Again, we are assuming that property, assets, etc.…

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