Many Oregon residents are on their second or third marriages and have blended families. Focusing on estate planning might seem simple, but there’s more to consider with your unique family dynamic. These are some tips that can be followed. Change your will With a...
Estate Planning
Costly estate planning mistakes to avoid in Oregon
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...
3 estate planning tips for new parents
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...
Watch out for these estate planning myths in Oregon
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...
Discuss the importance of estate planning with your parents
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...
Helping put your parents’ affairs in order is essential
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....
Types of “properties” that can be entrusted
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...
Preventing a family fight over your estate
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...
Are there inheritance differences for spouses and children?
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...
What are the benefits of an estate plan?
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...