Estate planning for all ages
People need a Will much sooner in life than they realize. Specifically if they want certain people or organizations to be the beneficiaries of their assets. Conversations about your wishes are not legally enforceable without a Will. Or your transfer of assets may not be set up to occur the way you intend.
Estate planning for busy parents
As a parent, spare time is for sleeping. But as you lie down, the lists start running through your head of “should do this” and “need to do that”. Every so often, the thought of a Last Will and Testament comes to mind. Specifically for the purpose of naming a guardian for your minor children. It is easy to brush off the task because getting a Will requires a self-imposed deadline. Here are a few things to get your estate plan in order and get your estate planning status to “I did do that!”
Estate planning for married couples
After you say “I do” there is a combining of lives and of assets. Tangible, personal property is easy to combine because you see it in your home. Intangible property, like financial accounts have their own legal rules about “what is mine is ours” after the marriage ceremony.
When is Probate Necessary in Iowa?
The word "probate" is confusing. And, quite honestly, doesn't sound pretty being said or heard out loud. If I could use a different word, I would. I don't like things to be confusing or intimidating for a person. But unfortunately it is the word we are stuck with. It originated in England so thank your friends across the pond.