Trusts are important estate planning documents that you can use to protect your assets and your loved ones by specifying how your property is to get managed and distributed after you die. A revocable trust is a special type of trust that Oregon residents may want to...
While creating an estate plan in Oregon is important, having a foolproof one is crucial. There are circumstances where an error could invalidate your entire plan. Some of the blunders that could cost you and your loved ones include: Not having an estate plan You may...
When you have a new child in Oregon, you have to start thinking about their future. This includes creating an estate plan to protect your child in case something happens to you. Below are some primary considerations. Who will be the child's guardian if you die or you...
Estate planning is an important process that everyone should go through, regardless of their age or financial situation. However, there are many misconceptions about estate planning that can prevent people from taking action. It's only for the rich or wealthy People...
Not being happy with the terms of a will is not a good enough reason to contest a will; wanting to receive a bigger inheritance than another person or wanting to speed up the estate distribution are not grounds for contesting. However, creating a will in Oregon...
Estate planning is never an easy subject to bring up to your parents. But as their adult child, you are often responsible for the legal problems that occur if a will is not prepared correctly. For families in Oregon, discussing the significance of this plan is...
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...
