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In today’s digital age, a significant portion of our lives is stored online. From financial records to treasured photos, many assets are no longer physical but digital. While traditional estate plans often focus on real property, bank accounts and personal belongings,...
It’s very important to review your estate plan at certain times. Failing to conduct a review means you’re never going to make updates, so your plan could be significantly outdated by the time your family ends up using it. But exactly when should you conduct these...
Charitable giving plays an important role in estate planning and can provide significant tax benefits. By including charitable donations in an estate plan, you can support causes you care about while reducing estate taxes and other financial burdens. Careful planning...
Without a will, your estate may not be distributed how you expect. Dying intestate means state law determines who inherits your property. This can create unnecessary stress for loved ones and lead to unintended outcomes. How Oregon handles intestate estates When...
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...
