A Living Trust is often combined with a “Pour Over Will” to make sure that all of your bases are covered.
It acts like a “safety net”. If you acquire new assets after your Living Trust was written – but you forget to place it in the name of your Trust. The “Pour Over Will” makes will pick up those assets give them the Trust to be managed according to its terms.
This prevents these new assets from going to relatives you did not intend to receive them. If you don’t have a “Pour Over Will” in place, the assets will be apportioned according to the laws of your state which may distribute the funds inconveniently or create issues for the family.