Do I Need An Estate Plan If I Already Have a Will?

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Sometimes people say, “I have a trust, why do I still have a will?” The will that you have is a trust-based plan called a “pour-over” will. It says that if anything is left outside of your trust on accident, or maybe something you inherited from family after your death, gets added to your trust. So every trust plan has a will.

A will only addresses administration at your death. Your family has no ability to manage affairs during your lifetime with a will alone.

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