So often, we meet with clients who want to “get a will” or “talk about trusts.” And we’re more than happy to talk about those things! But as we work our way through the nuances of wills and trusts together, our conversations always turn to one simple question: “What do you want your estate plan to do?” Why Start with … Read More
Watch Your Language: Intestate
If you choose not to decide, you still have made a choice (“Freewill” by Rush). Estate planning is based on a single choice: will you plan or will you not plan? If you choose to plan, you get to design all the details surrounding management of your property after your death. If you choose not to plan, then you are … Read More
Watch Your Language: Beneficiary
The beneficiary is what it sounds like: the person who receives the benefit from a trust. [Read More]
Watch Your Language: Trustee
A trustee has legal title to assets subject to certain conditions and requirements that are spelled out in the trust document. [Read More]
Watch Your Language: Grantor
The grantor is the person who creates a trust. No matter what type of trust you have, the grantor is always in charge because they set the trust’s terms. [Read More]
A Young Parent’s Guide to Estate Planning
For many parents, estate planning is primarily about their relationship with their children. But it’s hard to know where to even start thinking through the many decisions you need to make to set up an effective plan. Never fear; we’re here to help! If you’re a young parent (or even if you’re not), read on to find a few thought-provoking … Read More
I Digress: Estate Planning Includes Creating Your Legacy
One of the most overlooked aspects of estate planning is the opportunity to create your legacy. Believe it or not, creating a legacy isn’t all about having Northwest Iowa libraries and hospitals named after you. Instead, there are some more cost-efficient, yet great ways that you can help your family remember your values and beliefs. [Read More]
FAQ: How do I Choose a Guardian for My Child?
One of the most important jobs of an estate planning attorney is to help parents choose the right guardian for their children. This is the person (or people) designated by you to care for your minor children if you should die before they become adults. Working with an estate attorney to choose a guardian gives you a say in the … Read More
101 Death Hacks: A Cheat Sheet for Arranging Your Affairs Before You Die [Part Four]
When you build a house, you want to do so efficiently. Pine 2x4s are cheaper than 1½” oak floor boards, so that’s what you use to frame the house. When you’re making your estate plan, you don’t want the family farm to wind up being sold to pay a tax bill, the costs of probate, or the medical expenses of your beneficiaries. Fortunately, with a little forethought and some organization, you can avoid those kinds of problems and make a plan to pay or even avoid those costs without jeopardizing your wishes. [Read More]
