Frequently Asked Questions
Does Hiestand Law Office offer free consultations?
Hiestand Law Office offers consultations for a flat fee of $200 which covers an up to 1-hour consultation regarding your issue. During this consultation, we will discuss your matter in more detail and determine if Hiestand Law Office is a good fit to help you.
Where should I keep my will?
Your will should be kept in a safe place, where it will not be damaged by water or fire. The best solution is to use a fireproof safe. Another option is to keep your will with your important financial documents like a metal cabinet. You may choose to use a safe deposit box at your bank. While a safe deposit box is the safest place to keep your will, it may take some time after your death for your personal representative to find and get access to it at the bank.
What is a probate asset?
A probate asset is an asset that, at the time of your death, you own individually and for which you have not otherwise designated a beneficiary. These assets will be administered according to your will or through the intestate laws of your state. Assets for which you have made beneficiary designations will pass to the person(s) you named as beneficiary and will not be administered according to your will.
I have a trust, why do I need a will?
A pour-over will is designed as a backup or safety net for clients. When you create a revocable trust, you also need to transfer your assets into the trust. You might not transfer all of your assets in the trust, whether because you forget or for some reasons cannot transfer the asset during your lifetime. In that case, the pour-over will transfer those assets to your trust after your death so that can still be administered according to your plan.
What is a pour-over will?
A pour-over will is designed to collect any probate assets you own at the time of your death and, through probate administration, transfer those assets to your revocable trust (typically made irrevocable upon your death).