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Last Will and Testament Template - Iowa
An Iowa Last Will and Testament is a legal document written in order to set forth how an individual wishes their property to be distributed upon their death. It is also the document used for naming a guardian for any minor children or dependants the individual may have.
Certain Iowa-specific formalities must be followed when creating a Last Will or making changes to an existing one. If these are not observed one of two things can happen:
- When an individual dies without leaving a legal will their property and assets pass to their heirs according to the Iowa intestacy law.
- The estate may pass to the individual's beneficiaries under the terms of a prior will if it exists, can be located, and considered valid.
The Iowa Last Will, available for download below{class="scroll_to"}, is defined by § 633.3(36) and regulated by Chapter 633 of the Probate Code . The will is to be signed by two (2) competent persons in the presence of the Testator and in the presence of each other. Click on this link to create your own form with our online customizable template.
What Is a Last Will and Testament in Iowa?
On the whole, a Last Will and Testament allows a Testator to allocate their assets between any number of parties according to their wishes. Creating a will gives the Testator sole discretion over the distribution of their estate. If the Testator is the owner of a business or has any investments, their will can direct a smooth transition of those assets as well.
Drafting the document is a necessary - and, usually - a fairly simple process that can save the Testator's family time, money, and give all parties peace of mind.
How to Write a Last Will and Testament in Iowa?
Every Testator is eligible to choose what to include in their will. However, several important topics are universally recommended for a Last Will and Testament.
The Testator has to take the following steps when creating their will:
- Decide what property to include in a will. List significant assets and choose the ones that are to be distributed.
- Decide who will inherit the aforementioned property. Alternate (contingent) beneficiaries must be mentioned in case the first choices do not survive the Testator.
- Choose an executor to handle the estate. The Executor must be a person who is willing to carry out the terms of the will.
- Choose a guardian for children and a caregiver for pets. This guardian must be willing to manage the children's property if the property is left to underage children or young adults.
- Sign the will in front of witnesses. The Testator's signature must be notarized as well.
- Store the will safely. The Testator must instruct their Executor on how to get access to the will when the time comes.
Download Last Will and Testament Template - Iowa
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