Nyemaster Goode, P.C.
nyemaster

Estate Planning

About Us

The Nyemaster Tax Law Blog is dedicated to current tax law and employee benefit/ERISA issues impacting individuals and businesses, at both the Iowa and federal levels. We hope you find this resource informative and appreciate your feedback.

August 9, 2017

Estate Planning with Minor Children

By Rebecca Moore One of the most important considerations in an estate plan is who will take care of your children if something happens to you and your spouse. If you fail to designate a guardian, the court will be forced to choose one for you. As you can imagine,...

Read More

May 11, 2017

Federal and Local Death Taxes – How Much Will the Government’s Share of Your Estate Be?

By Bruce Baker A. The Federal Government’s Share Current federal tax law imposes an estate tax on the value of taxable estates exceeding $5,490,000. In computing the taxable estate, federal law allows an unlimited marital deduction for qualified transfers to a spouse, as well as an unlimited deduction for bequests...

Read More

March 10, 2017

Avoiding Probate: How do I do It and Why do I care?

By Jay Syverson Probate is the process by which a person’s estate is settled after death. Final bills are paid, final taxes are filed, and assets are collected and distributed to the beneficiaries. The entire process is supervised by the court, usually takes 9-12 months, and comes with expenses –...

Read More

February 25, 2013

Bury Me in Satin, Pretty Please

This past Friday, the Iowa Supreme Court ruled that Iowa law does not allow a person to control the final disposition of that person's bodily remains. In a split decision, the court held that Iowa's Final Disposition Act, Iowa Code Chapter 144C (the "Act"), provides a comprehensive and exclusive scheme...

Read More

November 5, 2012

Until Pay-On-Death Do Us Part

Last Friday, the Iowa Supreme Court ruled that a surviving husband who elects against his wife's will is not entitled to any portion of her pay-on-death (POD) assets that pass outside of probate. The case, Estate of Myers, is the Court's first significant foray into elective share issues since deciding...

Read More

August 8, 2012

2012 Presents Unique Estate-Planning Opportunities

Less than five months remain in 2012, so the time is running out to take advantage of sizeable gift- and estate-tax exemptions that are set to expire at the end of this year. First, a little background. In 2001 Congress enacted a law that gradually raised the estate-tax exemption from...

Read More

April 25, 2012

Effective Use of Beneficiary Designations: How Not To Wreck Your Estate Plan

It is extremely important to have a will, and perhaps a revocable trust, that distributes your property to the people you want and in a manner that carries out your wishes. For many people, however, it is just as important – if not more so – to ensure that the...

Read More

« Back

© 2019 Nyemaster Goode, P.C. All Rights Reserved.