If you are trying to become a homeowner in the Portland area, you have probably learned to deal with disappointment. After all, according to Realtor.com, the average price of a home has increased by nearly 5% over the past year to reach $575,000. Even worse, many...
Keeping You On Track As To Your Legal Matters
Year: 2022
What expenses can a special needs trust cover?
If you have a relative who has some type of disability, you probably worry about his or her ability to work. After all, just as certain physical and mental disabilities can make it difficult to land a job, they can also make it exceedingly hard to keep one. Still,...
Do you have to have earnest money?
Earnest money is a great way to let a seller know your interest in a property. It is like a promise that you will buy. Putting down this money is not a requirement, but if it is a seller's market, then it can go a long way toward helping you get the home you want....
The three documents you must include in your estate plan
No matter your life situation or your age, everyone needs an estate plan to detail their wishes and provide peace of mind for their family. A basic estate plan consists of only three documents, that together will cover the basic issues you may face in the event of a...
What to know about forming a partnership
If you want to start a business, there is a good chance you are thinking about taking on a partner. Having a business partner can help with start-up costs, reduce individual liabilities and divide the work responsibilities. However, not every partnership is...
How do you negotiate a favorable commercial lease renewal?
When you lease commercial property for your business in Oregon, you may have to agree to a lengthier lease term than you would when renting a residential space. This is common, but it also means you may want to take a good, hard look at a proposed agreement to renew...
Tips for creating an estate plan after having children
There are several points that parents of minors should take into account when they are creating an estate plan. These provisions ensure that there will be someone to care for their children and funds that are available for this purpose. Important documents Parents...
Avoiding mistakes is essential when setting up an estate plan
If you'd like to provide for your immediate family in Oregon when you die, setting up a solid estate plan is essential. It can help ensure property goes to the proper beneficiaries, minimize expenses and taxes, and make it easier for your family to make decisions when...
Is your hobby a business to the IRS?
Both the federal government and Oregon have guidelines for determining the differences between a business and a hobby. The classification of your income-earning activity affects which tax form you should fill out and whether you can take certain deductions. Not for...
Should you DIY your estate plan?
Do-it-yourself estate planning refers to using an online document library to obtain and record your end-of-life wishes. While seemingly convenient and cost-effective, DIY planning often overlooks the nuances that are essential to creating a customized estate plan, and...