QUESTION

What is a living trust?

Contact a Iowa Estate Planning lawyer representing clients in Altoona, Iowa today to schedule your initial consultation.

ANSWER
Under a living ( or a "revocable inter vivos") trust, a person transfers ownership of their assets to another entity while alive. The terms of the trust instruct the entity on how to manage the person's assets before and after death. This allows the person to avoid the probate process, and the possibility of a court-appointed conservatorship upon incapacity.


If you would like to schedule a initial consultation contact an Iowa asset protection attorney, representing clients in Altoona, Iowa at Howes & Anderson P.C. Give us a call at (515) 225-9000 or complete our inquiry form.