A lot of people automatically assume that they should use a last will as a vehicle of asset transfer. Though most individuals are aware of the existence of trusts many are under the impression that trusts are only useful for people who are extraordinarily wealthy.
In fact, this is really not the case at all. People of ordinary means can definitely benefit from the creation of trusts.
When you use a last will to direct the transfer of your assets to your heirs your estate must be probated. This process is time-consuming, and it can be costly.
On the other hand, with a living trust assets are distributed to the beneficiaries by the trustee outside of the probate process.
When you create a revocable living trust you may also include an incapacity component. By naming a disability trustee you would have a hand-picked decision-maker in place to handle your financial affairs if you were to become incapacitated.
This is a very surface explanation, but we are now offering a comprehensive free report on the subject of living trusts and why they are so popular. To obtain your copy of this valuable report click this link and fill in the field that you see to the right of the page: Iowa Living Trust Report
After you read the report you may feel as though you would like to go forward and create a living trust. Should you be interested in doing so give us a call at (563) 445-7400 to set up a free consultation.