What is the name of your state (only U.S. law)? Iowa
My mother who is 89 has asked what her options are in having a will - she has a modest savings account under 50K which is easily switched to one of her children (4 living) and a small home which is probably valued at $125,000 and no mortgage.
I did a little research this morning and it looks like a transfer on death deed would work but it doesn't look like Iowa offers this option, would just a change in the deed to make her and the 4 children as deed holders work?
Other than some modest personal property, that is all the possessions she has.
My mother who is 89 has asked what her options are in having a will - she has a modest savings account under 50K which is easily switched to one of her children (4 living) and a small home which is probably valued at $125,000 and no mortgage.
I did a little research this morning and it looks like a transfer on death deed would work but it doesn't look like Iowa offers this option, would just a change in the deed to make her and the 4 children as deed holders work?
Other than some modest personal property, that is all the possessions she has.