Revocable Living Trust

 

A Revocable Living Trust is created to hold ownership of your assets and distributes the assets at your death according to the trust agreement. The trustee manages and controls the trust assets during your life and the successor trustee distributes your estate at your death. 

 

Pour-Over Will

 

A Pour-Over Will is a Will that operates as a safety net to a trust. If certain assets are not conveyed into the trust at the time of death, such assets go to a Pour-Over Will.