Pourover Trust

A pourover trust is a revocable trust that is structured to receive and dispose of assets at the settlor’s death. The revocable living trust can be a “shell” during the grantor’s lifetime. That is, the trust can be inactive during life. If the trust did not terminate at the grantor’s death, the trust may receive assets passing under the will (after probate) and from life insurance policies. Assets may be directed to the trust by the settlor’s will, which is called a pourover will, or by beneficiary designation for non-probate assets.