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To: Sacajaweau

It depends. If the assets in the pour over will weren’t in the trust before death, the estate goes through probate before the assets can be poured over. Do a search on whether pour over trusts escape probate.

Now, if this trust was a revocable living trust, the assets would escape probate if they had been titled to the living trust, even if it was a revocable trust.

But, maybe they handle this differently in the Virgin Islands than in the mainland USA.


31 posted on 08/19/2019 2:06:22 PM PDT by Pearls Before Swine
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To: Pearls Before Swine

Does anyone knows how those trusts work?
1) Who will run the trust? Is the Trustee a Law firm, Corporation, or can it be a person?
2) What are the usual objects of the Trust? Can it be set up to fight Global warming, fund the DNC, or build/run orphanages?


49 posted on 08/19/2019 4:41:34 PM PDT by Steven Tyler
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