Estate Planning

Inheriting a retirement account can provide financial security, but it also comes with tax responsibilities.  Understanding these implications and how estate planning can help manage them is important. Income taxes on inherited retirement accounts Most retirement...

The 'Great Wealth Transfer' is one of the biggest shifts of money in history. Baby boomers will pass down trillions of dollars to their children and grandchildren in the coming years. This huge transfer of money will change how families plan for the future and make...

Blended families face unique estate planning challenges. When children from previous relationships are involved, it is crucial to create an estate plan that ensures all loved ones receive care. The right strategies balance the needs of both the current spouse and...

Digital assets are becoming a key part of modern estate planning. Digital assets include everything from online banking accounts to social media profiles and digital photos. If not properly addressed in an estate plan, these assets can become inaccessible to loved...

Settling an estate in Oregon can be a complex process. Whether you need an attorney depends on the size and complexity of the estate and your understanding of probate laws. In Oregon, probate is typically required for estates valued over $200,000 for real property or...

Estate planning is essential for managing your assets and ensuring their distribution according to your wishes after passing. Here are seven key steps to help you create an effective estate plan in Oregon. 1. Identify your assets Begin by cataloging everything you...

People thinking about estate planning often come to several false conclusions about it. This issue can then lead to confusion and improper planning. Understanding these common myths is important for anyone worried about their assets and well-being. 1. Estate planning...

Divorce significantly alters your life, including your financial and estate planning needs. As you navigate this challenging time, it’s important to understand how divorce impacts your estate plan and what steps you should take to ensure it reflects your new...

You must select an executor when drafting a will. The executor carries out many important duties, including transferring your assets to your heirs. Because the role is so significant, you must choose an executor carefully. Keep in mind that there are certain traits...

Estate planning often seems complicated, especially when a loved one has special needs. A special needs trust is a useful tool that can make the process smoother. There are 3 key ways a special needs trust simplifies estate planning. 1. Preserves benefits One major...