Contrary to popular belief, a will, standing alone, does not protect your estate from probate. However, a pour-over will accompanied by a trust will ensure that your heirs receive their inheritance without having to go through the laborious probate process. The pour-over will ensures that assets not titled in the name of your trust are put into the trust after your passing. In addition, the will names guardians for your minor children or dependents, sets out your burial and funeral arrangements, and names your executors. Stand-alone wills are usually an appropriate estate planning tool for any individual whose aggregate assets are less than one hundred and fifty thousand dollars ($150,000).
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