You do need a will if you have a living trust. Itâs referred to as a pour over will. In the event that thereâs assets inadvertently left out of your trust, a pour over will allow them to pour back into the terms of the trust. A will is also necessary to appoint an executor to act for you in the event that there is a proceeding that does need to be brought before the court. And most importantly, it is necessary if you have children. It allows you to nominate, name a specific individual to act as guardian of your minor child, in the event that something happens to you. Iâm Lisa Allred and Iâm a team member of Wealth Strategies Counsel. I would greatly appreciate the opportunity to assist you with your estate planning, trust administration and probate needs.
