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Posts tagged "Estate Planning"

Trust options when estate planning for a blended family

Many people in Iowa have been married more than one time. This may be due to the death of a spouse or to a divorce. When even one person in a new marriage brings a child into the relationship with them from a previous marriage, the decisions they must address when it comes to making an estate plan can become more complicated than for people in a first marriage. 

I’m a new parent; do I need an estate plan?

So you just became a new Iowa parent. Congratulations! Undoubtedly estate planning is the last thing on your mind right now, but before you get too caught up in all the many things that being a good parent entails, stop and consider for a moment that estate planning is one of the most loving and protective things you can do for your new child.

What to know about a healthcare proxy

While no one wants to think of their end of years, it is an important part of estate planning for Iowa residents. People must consider how they want their care to be, such as whether they want a natural progression of death or if they want the medical team to use life-saving devices. A healthcare proxy is a legal document that names an agent to make sure a patient receives the care he or she wants in cases in which there is an inability to make these decisions.

How do I include an adopted child in my estate plan?

Your legally adopted children in Iowa would probably enjoy most of the same protections under the state's inheritance laws as would your biological children. However, there could be some concerns you may want to address during or immediately following the adoption process.

What should I know about undue influence?

A last will and testament should be composed without any negative influence on the testor. Unfortunately, some Iowa residents can become caught in the snare of an abusive manipulator who will use undue influence to make the vulnerable party craft a will that will benefit the manipulator. Wills made under undue influence may be thrown out by a court, so if you suspect a relative may be a victim of undue influence, here are some things to look out for so you can protect your relative’s inheritance from a malicious party.

Can I pass on my intellectual property after I die?

Intellectual property (IP) is an important way Iowa authors, business owners, artists and inventors generate their income. In fact, IP may even provide a living for relatives of an intellectual property owner, which is why if you own a copyright, a patent or any IP, you should include it in your estate plan. You can choose who you want to receive your intellectual property rights so that your heirs can profit from the IP.

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