Q: My brother is 57, on full disability (Parkinson's Disease) and lives in Sutter County.
He doesn't own anything other than household goods. No vehicle or home.
I am a legal assistant in Iowa and will be in charge when he dies. What would be the pros/cons of him having a will drawn up?
He does have a Health Care and Financial POA already executed.
Thank you.
A:
He should have a will that designates a beneficiary for whatever little he owns, and a person who he trusts to handle the distribution of his property and the disposition of his remains, at least. Does not sound like he should spend a lot of money on an estate plan if he owns nothing. You might want to check the Sec. of State "Abandoned property" list to see if he has any closed accounts that were turned over to the state.
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