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Des Moines, Iowa Estate Planning Attorneys in Polk County

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Des Moines, Iowa Estate Planning Attorneys in Polk County

Estate Planning Lawyers in Des Moines, Iowa in Polk County, IA

Estate planning is not solely for the wealthy or for those who are nearing the age of retirement. Estate planning is for anyone near Polk County, Iowa seeking extra life protection, regardless of their financial situation – it’s never too early to begin. An estate plan can be simple, like having a will in effect, or much more complicated, depending on your needs. At its most basic state, an estate plan is a legal strategy to help ensure you have a say in how your assets are carried out in the event of your death or incapacity. If you are a parent to minor children, it also safeguards that they will be taken care of by the people you trust and designate if something were to happen to you. Many different estate planning strategies can be used to reach your goals. Working with an Iowa estate planning attorney is the best way to make sure your plan perfectly fits you and your family.

At Stange Law Firm, our Des Moines estate planning attorneys have familiarity with helping individuals like you create comprehensive estate plans that serve to protect their families and assets. We know that every family is different, and we take the time to get to know you and your specific situation to create a plan that will work for you.

Estate planning services that we offer in Des Moines, Iowa include:

  • Wills: A will is a legally binding document that determines how you would like your assets to be distributed after your death. If you die without one in place, Iowa law will determine how your property and debt is divided. This is a risk as their decisions may not align with your wishes.
  • Trusts: A trust is a legal entity that can be used to hold assets on behalf of another person. Trusts avoid probate, minimize taxes, and protect assets from creditors, making them a great option for a variety of purposes.
  • Elder Law: Elder law planning is designed to protect seniors and their families as they age. This type of planning includes estate planning, asset protection, long-term care planning, and more.
  • Special Needs Planning: Special needs planning is a way to make sure that a person with special needs will be taken care of financially and emotionally if something were to happen to their caregiver. This type of planning can include creating a special needs trust.
 

Because there are numerous options available, estate planning can definitely be overwhelming. However, our estate planning attorneys can help you navigate the process and protect your assets with ease.

What Are Common Assets to Include in an Estate Plan in Des Moines, Iowa?

We are frequently asked what types of assets should be included in their estate plans in Des Moines. Our response usually varies depending on what is sought to be accomplished with the assets.

Common assets people may choose to include in their estate plan in Polk County, Iowa are:

  • Real estate – including your home, vacation property, and rental property
  • Vehicles – including traditional cars, trucks, motorcycles, personal boats, and RVs/other camping equipment
  • Retirement accounts – including 401(k)s, IRAs, and pensions
  • Investment accounts – including stocks, bonds, and mutual funds
  • Bank accounts – including checking accounts, savings accounts, and money market accounts
  • Business interests – including the ownership of a small business or partnership
  • Personal property – including jewelry, art, collectibles, and family heirlooms
  • Life insurance policies – including whole life or term policies
 

While there is no universal example of what assets should be included in an estate plan, the above assets are some of the most commonly included ones.

What Obstacles Are There to Creating an Estate Plan in Des Moines, IA?

Many obstacles may be prevalent when attempting to create an estate plan. These obstacles can make the process seem more challenging and even impossible. However, with the assistance of an experienced estate planning attorney, you can overcome these obstacles and draft a plan that will honor your family’s most intimate wishes.

Common obstacles to estate planning in Polk County, Iowa are:

  • Not knowing where to start: Estate planning can seem overwhelming, especially if this is your first time creating one. However, an estate planning lawyer will share what choices need to be made early on, and what documents must be prepared. They will guide you through each step in the process to keep stress at a minimum while making progress on your estate.
  • Procrastination: Many individuals put off estate planning because they believe it is something that can be done later. However, it’s an important part of taking care of your loved ones and protecting assets. If you wait too long to create a plan, it could be too late.
  • Not having enough assets: Some individuals think that they do not need to create an estate plan because they do not own enough assets. However, estate planning is not simply for individuals with a lot of money. The truth is, everyone in the Des Moines area could benefit from having a plan in place.
  • Not knowing whom to include: Many people are not sure whom to include in their estate plan. However, an Des Moines estate planning lawyer can help you with revealing the people who should be included in your plan based on your specific goals and needs.
  • Not having enough time: It’s true that drafting an estate plan on your own could take a significant amount of time. That’s why it is important to work with estate planning legal representation. They help take care of the heavy lifting for you. This way, you can be content that your plan is comprehensive and tailored to your situation without having to spend hours researching and drafting the paperwork yourself.
 

Contact Stange Law Firm in Des Moines, Iowa Today to Schedule an Initial Consultation in Polk County

Creating an estate plan is an underestimated part of taking care of your family and protecting your assets. If you have questions about estate planning or need assistance creating a plan in Des Moines, Iowa, or anywhere nearby, contact Stange Law Firm today. We are ready to help you get started.

Polk County (Des Moines), Iowa Office (515-706-9130) | 699 Walnut St., Suite 455, Des Moines, Iowa 50309

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Helpful Information Regarding High Net Worth Divorce From our Webpage

To learn more about our work in the area of high net worth divorce, please follow the links below:
Do You Need a Last Will and Testament or an Estate Plan?
Everybody should consider making a will. However, a will is about much more than the division of a sizable estate, and making a will is not something that those with substantial assets.
Multi-state Trust Attorneys in the in Missouri, Illinois, Kansas, Oklahoma and Nebraska
As Stange Law Firm, PC, we can determine the right type of trust for your needs and objectives and select the type of trust that best protects your interests.
Valuing professional practices and businesses
Valuing a professional practice can be extremely difficult because much of the value is in the individual's contribution, not in merchandise or interests that can be easily divided. If you have questions, we have answers.
Pensions, IRAs and 401(k)s
Missouri law significantly affects the division of retirement savings accounts. If many of your assets are in IRAs or 401(k)s, we can talk with you about your options.
Qualified Domestic Relations Orders
QDROs create or recognize the existence of an alternate payee's right to receive all or a portion of the benefits payable under a retirement plan. We can explain what this means for you.
Divorce Tax Issues
For some, they can have significant questions and concerns about how getting divorced might effect them from a tax perspective. We can help ensure that clients can get the tax advice they need from tax professionals.
Maintaining Lifestyle
Many individuals have spent their entire life working hard in order to maintain a lifestyle that they have sought out. We can help individuals going through divorce ensure that they are put in the best financial position possible after a divorce.
Business Owners
Many individuals have spent their whole life trying to create a successful business or they have assisted their spouse build up this interest. It can be stressful when that business interest becomes part of a divorce proceeding. However, we an help ensure that a business interests are fairly evaluated.
Prenuptial & Postnuptial Agreements
Prior to entering into a marriage, or after the wedding date, many individuals are interested in putting together a prenuptial or postnuptial agreement to ensure that there are not lengthy and contentious divorce proceedings later if the marriage ends in divorce In these instances, we can help.
Farm Divorce
In certain cases, parties going through a divorce may own a family farm. This can result in the farm itself, equipment, livestock and other valuable assets being put in play in a divorce. We can help you if this is the case.
Stocks and Bonds
Many married couples also have significant sums in stocks and bonds. It's vital to work with an attorney to have an accounting of what is out there and to ensure it is properly addressed in family court.
Vocational Examination
The income producing potential of a husband and wife can be an important issue in a spousal support or child support case. A vocational examination can be useful in many of these cases where the current income of a party does not appropriately reflect what they could make.
Real Estate Portfolios
Real estate can be an important issue in divorce cases where the parties own rental property and other valuable real estate. We can work with parties in these types of cases to make sure these assets are property valuated and apportioned.
Delayed Compensation
In some situations, a party may be compensated through delayed compensation. This is an important area that should not be over-looked in a divorce.
Overseas Assets
Overseas assets can be significant issue in certain cases. It is vital that you have an attorney who understands how to address this issue
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120 S. Central Avenue, Suite 450

St. Louis (Clayton), Missouri 63105

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