If you've been designated as a trustee under an Oregon trust, it's a good idea to look over some basic guidelines to ensure your full understanding of the responsibilities and expectations that others will have for you throughout the process. Otherwise, you could end...
Trusts in Oregon are a safe way of hedging your assets until they're transferred to your heirs. For as long as you're living, there are financial benefits in storing your wealth in a trust. Every estate is exposed to taxes, fraud and creditors, but these financial...
As your parents get older in Oregon, you should talk to them about their end-of-life wishes. Helping them put their affairs in order should help safeguard against confusion regarding essential topics like insurance, finances, living arrangements, and legal documents....
Trusts are fiduciary agreements where a trustee manages the assets of a trustor for the benefit of a beneficiary. In most cases, a trust can be a tax haven while standing in court as irrevocable on your behalf. Knowing what to put into a trust, however, is a...
Sometimes, the execution of trusts created by a loved one in Oregon doesn't go as planned after the person's passing. The trustee may not intend to fulfill the deceased's wishes, so what can you do if a trust dispute occurs? Trustees have an obligation The individuals...
Estate planning is an exceptional way of ensuring that when the time comes, your assets get distributed as you desire. Otherwise, the Oregon courts step in, potential family disputes erupt and a period of grieving becomes a pit of stress. Why estate planning? It's a...
If you unexpectedly pass away before you have the chance to create an estate plan, there are protections in place to make sure that most of your assets are passed on to your remaining family members. Oregon has an inheritance law that ensures all assets are passed...
Many Oregon adults do not have an estate plan. People may assume that making an estate plan is too hard or too expensive, or they may simply procrastinate because they do not want to think about the issues involved. However, there are a number of reasons that they...
It's not uncommon for Oregon parents to leave assets such as a car, a bank account, or a home to their children. However, assuming that you have a valid estate plan in place, it may be possible to transfer assets to your grandchildren. Let's take a look at some ways...
You might have planned for what school district you want to live in or what brand of diaper you’ll use, but new children shift a person’s priorities in ways they have never considered. Those shifting priorities mean that it is time to review — or create — your estate...
