What is a Last Will and Testament?

Answer

A Last Will and Testament is similar to a Trust in that it is used to pass property to beneficiaries of your estate.  Since your estate plan will include a Living Revocable Trust, your Last Will should contain a “pour-over” clause directing that all of your assets be given to the Trustee of your Trust.  The pour-over clause will help to keep your estate out of Probate because any asset or property that you did not "put-into" your Trust prior to your death will "pour-into" your Trust estate after your death.    A Last Will and Testament is a useful document for stating your wishes as to the disposition of your remains (whether you want to be buried or cremated), and for appointing a guardian for your minor children.