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Do You Still Need a Will?

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A living trust generally is not a stand-alone estate planning document, and it is not a substitute for a will. A living trust should always be created in tandem with a "pourover" will. This document directs that, upon your death, any property that passes under your will is to be transferred into the trust and distributed according to its terms. This safety net catches any assets that were able to go inside the trust yet were not previously transferred into it. Using a will and a revocable living trust together creates a winning combination.

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You can include a gift to Drake University in your will or living trust to continue your support of our mission after your lifetime.

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 Learn more about meeting with an attorney to draft your will or living trust.

To learn about including Drake University in your will, living trust or other estate plans, contact Paul Secord at (515) 271-2849 or paul.secord@drake.edu.


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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.

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