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What if I die without an estate plan?
In Iowa, when an individual passes away without a Last Will & Testament, they are said to be intestate. When this happens, the decedent's property passes by Rules of Descent as outlined in Iowa Code sections 633.211 - 226. Essentially, the legislature has decided how the property of a person dying without a will is handled.
In the event an individual passes away without a Last Will & Testament, and without legal heirs as defined by Iowa Code, their property will escheat to the State. While escheatment is a rare process of last resort, it can and should be avoided through proper estate planning.
Give us a call today to discuss your estate planning needs!
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