You Need a Trust and a Will.

14 May 2022 · 1 min

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In this brief explainer, the speaker confirms that even when you have a revocable trust, you still need a specific type of will—a pour‑over will. The pour‑over will’s main role is to capture any assets that were unintentionally left out of the trust (such as a newly purchased property) and direct them into the trust after death, thereby preventing those assets from going through full probate. The speaker emphasizes that both instruments are essential for a solid estate plan and invites viewers to ask questions and follow the channel for more advice.

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The answer is yes. Even though you have a revocable trust, you still need a will to go with it, but it's a specific type of will. It's called a pour-over will, and its primary purpose is to protect the trust. Here's the primary reason why you still need a will with your revocable trust. If you happen to leave an asset out of the trust, let's say you buy a piece of property or a home and you don't put it in the trust before you die, the pour-over will has provisions in it that would allow us to pour that asset back into the trust, thereby avoiding full-blown probate. So yes, you need both to have a solid estate plan. If you have questions or comments on this, put them below and follow this channel for more wisdom.