Legal Question in Wills and Trusts in Iowa

My monther-in-law died rather suddenly. She left behind a special needs daughter and a son (my husband) who is executor and guardian for his sister. She has a home and personal possessions worth about $120K. She also has investments worth $100K. The home/personal items fall under the will which stipulates a trust needs to be set up for the daughter. However, the investments have a beneficiary set up to split the money equally, with no trust specified. Can the money from the investments be put in a trust after the fact?

Asked on 4/30/13, 11:19 am

1 Answer from Attorneys

Robert Luedeman solo practitioner

The answer is probably not. On the other hand, your husband can certainly take his share and use it to fund the existing trust.

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Answered on 5/01/13, 5:52 am

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