Iowa Estate Planning

• Last Will and Testament — specifies how your assets are distributed after death.
• Power of Attorney — grants someone authority to make decisions on your behalf.
• Living Trust — holds your assets for your benefit during your lifetime.
• Healthcare Directive — outlines your medical care preferences if you're unable to communicate.
• Advance Directive — specifies your wishes regarding medical treatment and end-of-life care.

• Will vs. Trust — a will directs asset distribution after death, while a trust manages assets during life.
• Power of Attorney vs. Healthcare Proxy — Power of Attorney covers financial decisions, while Healthcare Proxy focuses on medical choices.
• Living Will vs. Healthcare Directive — both express health care wishes, but a living will is more specific to end-of-life care.
• Probate vs. Estate Administration — probate is the court process for validating a will, while estate administration manages the estate's affairs.

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• Will - a legal document specifying how assets are distributed after death.
• Trust - a fiduciary arrangement allowing a third party to hold assets for beneficiaries.
• Power of Attorney - a document granting someone authority to act on your behalf.
• Healthcare Directive - a document detailing your medical treatment preferences.
• Beneficiary - a person designated to receive assets from a will or trust.
• Probate - the legal process of settling an estate.
• Living Will - a document outlining healthcare preferences in case of incapacity.
• Executor - the person responsible for managing an estate after death.
• Advance Directive - a document stating your wishes for medical care.