What Do Wills Mean In Estate Planning?
A written document that contains instructions for the disposal of assets at a person’s death. This is filed and enforced through a probate process, sometimes involving the probate court. Laws vary by state.
Holographic Will
A will that is partially or fully handwritten. Not all states recognize holographic wills.
Pour-over Will
Used together with a revocable trust to “pour” any assets that were not in a decedent’s trust at the time of death over to the trust.
Example Of Wills In Regards To Estate Planning
My dad signed a will that excluded my brother, left me only part of his estate and left a ton to charity. I’m sad I didn’t get more, but I’m glad he was able to exclude people he had problems with and give to a charity he loved.