Prevents unintentional disinheritance. You may provide for your estate, or part of it, to go to charities. The Trust can hold life insurance policies. The pour-over will revokes any former will or codicil to make sure there is no conflict between your former will and your Living Trust. May provide for assets to be held in trust until an age older than 18 or 21 when you know children or others will be better able to manage their money.
Heirs can also receive their inheritances in installments as they mature.
Flexibility Allows you full flexibility with the Living Trust in the event of changed circumstances, changed desires, or even a change of mind. It is easier to change or modify a Revocable Living Trust than it is to change a will. Allows you to make changes in the future in the event of changes in tax laws or other laws. Allows you to put into your Trust assets acquired after the creation of your Trust without having to change your Trust. Provides a trial run at estate planning.