In this article, we discuss Iowa’s inheritance tax law and cover the following topics: Iowa estate tax versus Iowa inheritance tax; exemptions from the Iowa inheritance tax; calculating inheritance tax for each beneficiary; Iowa inheritance tax rates; and deadlines for filing Iowa inheritance tax forms.
November 27, 2024
November 27, 2024
A trust in Iowa is both a document and a legal entity. A trust can be arranged in many ways, but its main purpose is to allow a third party, or trustee, to hold assets on behalf of a beneficiary. It is written and signed by the trustor, and can go into effect while the trustor is still living or when they die, depending on the trust type. A trust contest is a type of lawsuit that is filed to object a trust’s validity. If someone believes the trustor was mentally incapacitated, unduly influenced, or otherwise unable to comprehend the terms of a trust, they have the right to contest the document in Iowa.
October 31, 2024
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