Iowa Estate Plan

Over at the Iowa Law blog, I have a post about the listing of assets in the Iowa probate process. This public listing requirement (called a "report and inventory") exposes financial information. The use of the revocable trust can avoid this financial exposure.

I've said it before and I'll say it again: If you have significant changes in your life, such as marriage, birth of a child, or a death, you need to review your estate plan. Unfortunately, as I've noted on the Iowa-Lawblog , Heath didn't heed my advice and failed to provide for his young daughter, which has now evolved to a family legal fight .