Rotate Legal Nevada Pour Over Will Forms For Free

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.

over will is a type of will with a provision to ?pour? any leftover or unallocated assets in a person's estate into a living trust when the person dies. The idea is to minimize the probate process and ensure that assets are distributed as the deceased wishes.

The cost of creating a will in Nevada can range from roughly $250 to $1000. A Nevada trust typically costs anywhere between $900 and $3,450. At Snug, any member can create a Power of Attorney and Health Care Directive for free. A Will costs $195 and a Trust costs $500.

Under NRS 146.070(1)(b), any settlor who dies with a valid revocable trust and a pour-over will can avoid the probate process in Nevada, which is likely one of the primary reasons they created a trust in the first place.

A: For a will to be valid, there must be a physical copy. This physical copy must be signed by two witnesses who are not named as beneficiaries. The witnesses must sign the document in front of you, and you must sign it in front of them. The will must include a plan for all your assets.

This is why it is often referred to as a "Pour-Over Will." It functions as a "safety net" to insure that property owned in your individual name, rather than in the name of your trust, can ultimately be managed by your successor Trustee(s) as provided in your trust.