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Creating Wills And Trusts In Southwest Iowa

Estate planning is a critical part of protecting your family and their future. A comprehensive plan guides asset distribution, business succession options and even medical decisions – using a medical power of attorney or an advance directive. A trust can also be used to hold assets or instruct beneficiaries on using their inheritance. A well-written estate plan will protect your assets and put your family first.

At Stuart Tinley Law Firm LLP, we are proud of our legacy, with a history stretching back more than 160 years. We use our combined experience to help clients explore their estate planning options and draft unique plans specific to their families and needs. If you’re looking to start estate planning today, look no further. We are here to help.

What Is The Difference Between A Will And A Trust?

A will provide instructions for how assets should be distributed. For example, it may simply state that a person’s financial assets should be divided evenly between two beneficiaries. A will can address financial assets, tangible items, real estate and family heirlooms.

A trust, on the other hand, is a financial account that holds those monetary assets. The trustee is authorized to make distributions to the beneficiary, but they have to follow the rules in the trust. For example, the purpose of a trust may be to delay distributions until the beneficiary turns 25 or to pay for their college education before they are allowed to spend their inheritance on anything else.

Call Us Today To Learn More

Anyone can benefit from having an estate plan, which lowers the odds of an estate dispute.

If you’re looking for a lawyer, you need someone with a passion for estate planning, creative insights and a history of experience in this area of the law. Our team in Council Bluffs, Iowa is always here for you. Attorney Zach Winter focuses on this area of law and has extensive experience helping Iowa families plan for their futures. We encourage you to call our firm at 712-261-6033 or send us an email to set up your initial consultation.