With high rates of inflation, the rapid growth in estate size (particularly for estates that include real property), and thus concerns about the increased cost and complexity of intergenerational transfers of property, more information is being requested by estate owners and their advisors (accountants, attorneys, lenders, life insurance representatives, extension economists, and others) on the various methods and procedures that might be used in estate planning. Furthermore, recent changes in both federal estate and Iowa inheritance tax laws suggest that estate plans should be reviewed carefully to determine whether they are consistent with changes in tax regulations as well as with current transfer objectives.