pour-over trust

Definition of "pour-over trust"
  1. A type of trust that is designated to make receipt of assets from a will or another established trust following the death of the person who established it
How to use "pour-over trust" in a sentence
  1. In her will, she delineates that upon her death, all her remaining assets will go into the pour-over trust for further distribution.
  2. The pour-over trust is being set up to ensure the smooth transition of his assets after his demise.
  3. Upon his death, everything in his estate not specifically bequeathed to someone will flow into a pour-over trust.

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