Pour over Trust - Law Dictionary

pour-over trust

pour-over trust see trust ...

pour-over : providing for or creating the transfer of property in a decedent's estate or a trust to a pour-over trust [a provision] [a bequest] see also pour-over trust at trust pour-over will at will n : an act or instance of pouring over ;also : a provision esp. in a will that calls for estate assets to be transferred to a pour-over trust ...

pour-over

pour-over : providing for or creating the transfer of property in a decedent's estate or a trust to a pour-over trust [a provision] [a bequest] see also pour-over trust at trust pour-over will at will n : an act or instance of pouring over ;also : a provision esp. in a will that calls for estate assets to be transferred to a pour-over trust ...

trust

trust 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. accumulation trust : a trust in which principal and income are allowed to accumulate rather than being paid out NOTE: Accumulation trusts are disfavored and often restricted...

will

will 1 : the desire, inclination, or choice of a person or group 2 : the faculty of wishing, choosing, desiring, or intending 3 : a legal declaration of a person's wishes regarding the disposal of his or her property after death ;esp : a formally executed written instrument by which a person makes disposition of his or her estate to take effect after death see also codicil, living will, testament antenuptial will : a will that was executed by a person prior to that person's marriage and is usually revocable by the court if no provision was made for the person's spouse unless an intention not to make such a provision is manifest conditional will : a will intended to take effect upon a certain contingency and usually construed as having absolute force when the language pertaining to the condition suggests a general purpose to make a will counter will : mutual will in this entry holographic will : a will written out in the hand of the testator and accepted as valid in many sta...

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