BW INSIGHTS

BrownWinick Hosts Second Wills for Veterans Event

In honor of Veterans Day,  BrownWinick held its second “Wills for Veterans” event to benefit Iowa veterans. Several attorneys and staff partnered on this event to provide complimentary basic wills and powers of attorney documents for 30 Iowa veterans and their spouses.   “These Veterans and their spouses have served our country with honor. Finding... Read More

What Happens If You Die Without a Will?

You may have heard that if you die without a will, your property will go to the state. For most cases, this is not accurate. Iowa has an intestacy statute which dictates where your assets will go if you die without a will. Here is a chart to explain where your property would go depending on the family members you leave behind:  If you die with: ... Read More

Powers of Attorney: What They Are and Why You Need Them

Having a power of attorney is essential for the estate planning process. In Iowa, there are two types of powers of attorney available: medical power of attorney (also known as the health care power of attorney) and financial power of attorney (also known as the general power of attorney). Read on to learn more about the differences between these... Read More

Estate Planning With Pets

Who will care for your pet after you die? Can you appoint a guardian for your pet? Who will pay for your pet’s care?  If you have a pet, these are questions you may have thought about. Fortunately, you can develop a plan for your pets in your estate plan.  In Iowa, pets are treated as property under the law. This means that you cannot leave money... Read More

Will v. Trust: What's the Difference and Which One is Right for You?

You have probably heard of wills and trusts in the estate planning context, but what is the difference between the two?   Both a will and a trust are used to distribute your assets upon your death. Both allow you to name beneficiaries to receive your assets and a fiduciary to control the distribution of your assets. However, there are some key... Read More

Estate Planning Considerations for the New Year

It's a new year and a new decade. It's the right time to review and update your estate plan. BrownWinick’s Estate Planning Group has three key goals — to ensure our clients and their families: are protected during life (powers of attorney); have a plan for minor children (guardians); and transfer assets in an efficient and organized manner (wills... Read More