A Queens New York Legal Last Will and Testament Form with All Property to Trust, more commonly known as a Pour Over Will, is a legally binding document that outlines an individual's final wishes regarding the distribution of their assets and property upon their death. This specific type of will is designed to work in conjunction with a revocable living trust, commonly referred to as the "Pour Over Trust." The Pour Over Will serves as a safety net to ensure that any assets not previously transferred into the trust during the decedent's lifetime are "poured over" into the trust upon their passing. By doing so, this legal document enables the assets to be distributed according to the terms of the trust, ultimately protecting and efficiently managing the decedent's estate. There are various types of Queens New York Legal Last Will and Testament Form with All Property to Trust known as a Pour Over Will, including: 1. Simple Pour Over Will: This is the most common form and usually suitable for individuals with a straightforward estate. It designates the decedent's pour over assets to be transferred to the revocable living trust. 2. Joint Pour Over Will: This type of will is used by married couples or partners who share a revocable living trust. It outlines that, upon the death of one spouse or partner, their assets will pour over into the joint trust, ensuring a seamless transfer of assets. 3. Testamentary Pour Over Will: This type of pour over will is created and implemented alongside a testamentary trust. It is typically used in situations where the trust is established within the last will and testament itself and only comes into effect upon the testator's passing. 4. Irrevocable Pour Over Will: In some cases, individuals may choose to create an irrevocable trust alongside their pour over will. With this type of will, the assets that "pour over" cannot be revoked or changed after the testator's death, offering additional asset protection. Creating a Queens New York Legal Last Will and Testament Form with All Property to Trust called a Pour Over Will is a critical step in guaranteeing that your assets are distributed as per your wishes while ensuring the smooth administration and management of your estate. It is advisable to consult with an experienced estate planning attorney who can guide you through the process and help you choose the appropriate type of pour over will for your specific circumstances.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.