Drafting a will is arguably the most important piece of an estate plan. Sometimes, when people don’t want to spend the time and money to hire an attorney, they may write a will themselves. They can even take advantage of computer or online software to help them write their will. However, writing a will this way could result in mistakes…
When you file for bankruptcy in Iowa, you may wonder whether you can keep your car. Your rights to keep your vehicle may depend on several factors, including the type of bankruptcy you are filing for, whether you own your car outright or whether you are still paying a car loan, and the applicable federal and state bankruptcy laws. What…
Many people and families in Iowa make a living through farming and other agricultural work. However, the financial pressures on individual and family farms have greatly increased in recent years. Some of these effects include commodity prices staying low and weather patterns becoming less predictable. These sustained negative effects led to a surge in bankruptcies among small farms. There are…
There are many reasons someone could fall into debt, including losing a job, suffering a serious illness, being involved in a major accident, having to take care of a sick relative, and more. Whatever the reason, having unpaid child support payments on top of your other debts is a serious issue. Depending on the amount you owe and how long…
If you have recently lost a loved one and inherited their property, you may be wondering if and when you can sell it. In most cases, an inherited property cannot be sold until the probate process is initiated and/or the court has granted permission to sell. However, there are some exceptions to this rule. Probate regulations can be complicated, and…
If you are facing financial hardship and can no longer pay your debts, bankruptcy can help you start over and get your finances under control again. However, filing for bankruptcy is a major decision. It’s important to understand the process, as well as the legal and practical implications. Contacting an experienced bankruptcy attorney can help you decide what legal and…
The fees you might expect to pay to file bankruptcy in Iowa depend on the type of bankruptcy case you file. Additionally, different attorneys will charge their clients varying legal fees and costs. If you’re considering filing for bankruptcy, it’s important to understand the costs you might incur when choosing to file for Chapter 13 or Chapter 7 bankruptcy. How…
Estate planning is critical for everyone. It does more than just distribute your assets following your death. It can also include information regarding burial or cremation and other relevant decisions that surviving family or a personal representative should make. A pour-over will is a provision added to a person’s will that can protect certain assets. If you choose to include…
Technically, a special needs trust is more formerly known as Medical Assistance Special Needs Trust. In this type of trust, also called a d4A trust, the trustee holds property that benefits another person – the beneficiary – who is an established Medicaid member under 65 years of age and disabled. This type of trust was statutorily created by federal law…
Creating a will should bring you peace of mind knowing that your final wishes will be carried out as you have instructed. You may want your estate to go to a specific beneficiary in its entirety or to be divided in a particular way to particular individuals and loved ones. Whatever your wishes may be, there are certain things you…