Trusts and Wills: How They Work Together in Estate Planning

When setting up your estate plan, you might think Trusts are the only tool you need. But even with a Trust in place, a Will plays a crucial role in making sure your estate plan covers everything. Here’s why both are essential and how they work together to protect your legacy.

Why a Will Still Matters

Even if you have a Trust, some assets might not be included in it. For example, if you receive new property or assets after creating your Trust, those might not be automatically covered. Imagine you set up a Trust, but later inherit a valuable item from a relative. Without a Will, that asset could end up in Probate, complicating things for your loved ones.

The Role of a Pour-Over Will

This is where a Pour-Over Will becomes important. It’s designed to catch any assets not placed into your Trust and transfer them into it after your death. This ensures that everything you own is ultimately handled according to your wishes.

The Best of Both Worlds

Using both a Trust and a Pour-Over Will provides a complete approach to managing your estate. The Trust handles most of your assets, avoiding probate and keeping things private. Meanwhile, the Will ensures that any assets missed by the Trust are still included and managed properly.

Get Expert Help with Your Estate Plan

At The Mendez Law Firm, we can help you create a Family Estate Plan that integrates both Trusts and Wills. Call us at (407) 380-7724 or Email Us TODAY at mail@themendezlawfirm.com. We offer a FREE, No Obligation, No Cost office or Virtual Zoom conference to discuss your estate plan and explore options for Probate avoidance and asset protection. If you’re looking for a Florida estate planning attorney in the Greater Orlando area, we’re here to assist with all your estate planning and asset protection needs.