Do You Need a Will - The Iowa State Bar Association

Why have a will that does nothing but transfer propertyto your trust? (For that matter, why do you need a will at all if you’re usinga living trust to leave your property?) The answer is that many estate plannersthink it’s a good idea to have all your assets covered by the terms of just onedocument, the trust document. This arrangement offers several advantages.

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Brookstone Financial - When Do You Need a Will?

So, why do you need a will? Without a will, the state will direct how your assets are distributed and who will care for your children. Without a will you lose control. Also, a will is a cost saving device as it will reduce the cost associated with your death. Typically expenses are lower due to lower legal fees and less paperwork. If you do not yet have a will, we encourage you to schedule a free consultation.

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