Make Fillable Legal New Jersey Pour Over Will Forms For Free

Making the Last Will Valid in New Jersey In New Jersey, the law states that the last will must be in writing and signed by two witnesses who can attest to the sound mind of the testator (the person who created the will).

A will, called a ?pour over? Will, is also drafted in conjunction with the trust. If all assets are not transferred into the trust, the Will picks up those assets at the time of death and transfers them into the trust for central distribution.

How to Make a Will in New Jersey Step 1: Consult With a Qualified Estate Planning Attorney. Step 2: Inventorying the Estate's Assets and Debts. Step 3: Select Your Beneficiaries. Step 4: Choose an Executor of the Estate. Step 5: Execute a Valid Will. Step 6: Store Your Will in a Secure Location. Step 7: Update Your Will.

The main downside to pour-over wills is that (like all wills), the property that passes through them must go through probate. That means that any property headed toward a living trust may get hung up in probate before it can be distributed by the trust.

The difference between a simple will and a pour-over will is that a simple will is meant to handle your entire estate, such as by leaving it to your spouse or your kids. A pour-over will exists only to move assets into the trust and works in conjunction with either a revocable living trust or an irrevocable trust.

A Pour Over Will can be a saving grace if you forgot to (or are unable to, or choose not to) move assets into your Trust while you're still alive. If everything you own is already in a Trust, a Pour Over Will may not be necessary. However, it can be a great safeguard and tool that you may want to consider.