Frequently Asked Questions About Estate Planning

Yes. Estate planning is not just for the wealthy. If you own a home, have children, or have any assets, an estate plan helps ensure your wishes are followed and makes things easier for your family.

A will directs how your assets are distributed but typically must go through probate. A trust allows assets to pass outside of probate and can provide additional benefits such as privacy and incapacity planning.

The most common way to avoid probate is through a properly funded revocable living trust. Certain assets can also pass outside probate through beneficiary designations.

If you die without a will, Iowa law determines how your assets are distributed. This may not reflect your wishes and can create complications for your family.

A power of attorney is a legal document that allows someone you trust to make financial or medical decisions on your behalf if you become unable to do so.

Costs vary depending on the complexity of your plan. At Checketts Law, we offer flat-fee pricing so you know exactly what to expect.

Most estate plans can be completed relatively quickly once the necessary information is gathered. Our process is designed to be efficient and straightforward.

Yes. Most estate plans, especially revocable trusts, can be updated as your circumstances change.

While online forms exist, they often do not account for your specific situation or state laws. Working with a lawyer helps ensure your plan is properly structured and legally valid.

Your family may need to go through a court process (guardianship or conservatorship) to gain authority to act on your behalf. Proper planning can avoid this.