Not surprisingly, online do-it-yourself legal services have a huge customer base, likely because they are cheaper and more convenient than using a local lawyer. Sites like LegalZoom say you can “get a will” that’s the same as what you get from the lawyer down the street. But, unfortunately, DIY or form wills are prone to any number of problems which cause your estate to be divided incorrectly, your probate to be administered inefficiently, or your wishes to be completely ignored. [Read More]
[FAQ] Iowa Estate Lawyer Answers: What is a Personal Representative?
The person whom Northwest Iowa trust and estates attorneys have long referred to as the “executor” when managing your estate also has an alternative name. Known as the “personal representative”, this person is appointed by either the person doing the estate planning or by the courts when there was no one named in a will. The personal representative has a very big job of finishing up the decedent’s business, such as taking care of taxes and keeping the bills paid; not to mention the much more commonly recognized job of making sure the decedent’s wishes are followed when it comes to distributing assets. [Read More]
Estate Planning for Generation X
GenX-ers are no longer angst-ridden youth trying to figure out where they fit in this world. Instead, they’re adults with real jobs, real retirement plans, life insurance and real health problems. And they’re people who need to do their estate planning. [Read More]
[FAQ]: What Happens If My Heir Dies Before I Do In Northwest Iowa?
Choosing children as heirs to your inheritance makes sense. After all, most people want their life’s hard work to go toward the betterment of their children’s lives. Due to age differences, children will usually outlive their parents, as well. But, what happens when you outlive an heir? What becomes of the inheritance you wanted to be passed on to him or her?[Read More]
[FAQ]: What Happens to a Person’s Debts When They Die?
Two possible scenarios play out when someone dies with debt. Both require the effort of the Personal Representative (or executor) and are based on the assets in your estate. [Read More]
Estate Planning for Single People
Why should a single person work with a will and trust attorney in Northwest Iowa? The answer is simple: if you don’t plan, then if you have a medical emergency or pass away, the state will step in and impose its own plan on your body and your assets. [Read More]
Do You Know Where Your Children Will Go?
Obviously the choice of a guardian for minor children can be an emotional one. Your children are precious, and your options are limited. But not deciding ahead of time could result in a judge—who doesn’t know you or your kids—choosing the guardian for you. [Read More]
What Happens to Your Online Identity when You Die?
A standard estate plan deals with the real-world assets you own. Your house. Your car. Your bank accounts. Often, though, the standard estate plan doesn’t account for your digital assets. “I’m not a computer nerd,” you say. “I don’t have a digital estate.” But that’s not entirely true. [Read More]
