What are Some Important Considerations in Making or Reviewing a Will?
Who should receive your property and in what proportions and, if children, at what age? If a person you wish to name to receive a share of your estate dies before you, who should receive that share? Who should be named as guardians of minor children and what are their duties? Should a Trust be created for your spouse, children or others? What are the costs associated with a Trust? Do you want to leave anything to a favorite charity? Should life insurance proceeds be payable to a Trustee named in your will? Spouse? Children? Who should be named Executor? Successor Executor? Should a custodianship be directed for gifts to minors? Do you expect to inherit property from a parent or others? Can taxes be saved? Generally, a person may dispose of his or her estate by Will without restriction. However, Iowa law generally does not allow a spouse to completely disinherit the other. Consequently, a surviving spouse, whether or not named in the Will, may claim at least a portion of the deceased sp
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