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Well, permit me to give a quick idea about estate planning. estate planning is basically a blueprint for making your assets lasts for a lifetime and makes sure that your money or property passes along as per your aim. Now, here it is of importance to you to learn that estate means some thing than just money! It might include family heirlooms and also items with an emotional and sentimental value attached in.
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Yes, most trusts could have a "pour over" will, which simply provides that any assets held in your name alone at death, which have not been in your living trust, can transferred into the living trust. However, these assets not originally in the trust won't avoid probate.
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