Category: Will

Most people already have assets that will avoid Probate after their death. The most basic of these are jointly titled assets and beneficiary designated documents like life insurance or retirement.  However, there are still other asset that are exposed and could easily be modified to become “Non-Probate” assets. The largest assets that are exposed to probate often include the real property, a business and non-retirement investment accounts.
A pour-over will is a special will that provides that some or all of a person’s assets be transferred to their trust rather than specific beneficiaries or heirs through the probate process. Any assets unaccounted for “pour over” into the person’s trust, helping the estate avoid costly probate. Here is a closer look at what this legal document entails.
During the Surratt Law Practice radio show hosted by Kim Surratt with guest Melissa Exline, the attorneys recently talked about the Living Will Lockbox provided as a free service to Nevadans. You can easily access the information available on the “Living Will Lockbox” by visiting Nevada’s Secretary of State online.

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Kimberly M. Surratt
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