Pour-Over Will for Unmarried Person (AR)
This Pour-Over Last Will and Testament allows an unmarried person (called a testator) to make sure that their family and loved ones are provided for by directing all of their possessions or property to their trust after they die.
A "pour-over" will is designed for someone who already has, or is currently setting up, a living trust that will be the primary way of distributing assets after their death. With this will you can make specific gifts of tangible personal property (physical objects), and then direct the rest of your property, such as cash, bank accounts, business interests, or real estate, to be "poured over" into your trust. Ideally, you would transfer these types of assets to your trust during your lifetime, but people sometimes forget or lose track of the ownership of assets, or acquire new assets after the trust has been established. Having a pour-over will helps ensure that nothing is missed.
This document is not designed for a complex and large estate that raises special tax considerations. It is also not designed to address long-term care issues. It should be used only for a basic estate which is below the threshold for the payment of state or federal estate tax and only when there is no concern about qualifying for public long-term care benefits. This document has been specifically designed for use by an unmarried person.