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2. Pour-over will - Wikipedia

   en.wikipedia.org/wiki/Pour-over_will

   More recently, a number of jurisdictions have recognized the validity of a pour-over will. [2] In the jurisdictions in the U.S. which allow a pour-over will, testators do not usually put all of their assets into trusts for the reasons of liquidity , convenience, or simply because they did not get around to doing so before they died.

3. Estate planning - Wikipedia

   en.wikipedia.org/wiki/Estate_planning

   Estate planning may involve a will, trusts, beneficiary designations, powers of appointment, property ownership (for example, joint tenancy with rights of survivorship, tenancy in common, tenancy by the entirety), gifts, and powers of attorney (specifically a durable financial power of attorney and a durable medical power of attorney).

4. Life estate - Wikipedia

   en.wikipedia.org/wiki/Life_estate

   The ownership of a life estate is of limited duration because it ends at the death of a person. Its owner is the life tenant (typically also the 'measuring life') and it carries with it right to enjoy certain benefits of ownership of the property, chiefly income derived from rent or other uses of the property and the right of occupation, during his or her possession.

5. Power of appointment - Wikipedia

   en.wikipedia.org/wiki/Power_of_appointment

   Wording such as "to B for life, and upon B's death to those that B shall appoint" indicates a power presently exercisable, not a testamentary power. In some jurisdictions, the donee's creditors cannot reach the appointive property when the donee has a presently exercisable power of appointment as long as the power is unexercised. [4]

6. Will and testament - Wikipedia

   en.wikipedia.org/wiki/Will_and_testament

   This is an accepted version of this page This is the latest accepted revision, reviewed on 6 December 2024. Legal declaration where a person distributes property at death "Last Will" redirects here. For the film, see Last Will (film). This article possibly contains original research. Please improve it by verifying the claims made and adding inline citations. Statements consisting only of ...

7. Trust (law) - Wikipedia

   en.wikipedia.org/wiki/Trust_(law)

   a 'life interest' ("to pay the income to x for her lifetime"); and; a 'remainder' ("to pay the capital to y after the death of x") Grantor retained annuity trust ('GRAT'): an irrevocable trust whereby a grantor transfers asset(s), as a gift, into a trust and receives an annual payment from the trust for a period of time specified in the trust ...