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...
Keeping You On Track As To Your Legal Matters
Estate Planning
Do you need an attorney to settle an estate?
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...
7 key steps for estate planning in Oregon
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...
4 common misconceptions about estate planning
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...
The impact of divorce on your estate plan
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...
Tips on choosing an executor
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...
3 ways that a special needs trust simplifies estate planning
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...
Writing your will with contestation prevention in mind
Your will is the embodiment of your last desires and the final avenue for caring for loved ones. However, after you can no longer personally ensure its carrying out, others may contest it. They may try to overturn your wishes and steal what you leave your family and...
3 documents that should be included in an estate plan
Estate planning is important for making sure that your wishes get honored when you can no longer express them yourself. It also ensures your assets get distributed as you desire after your passing. To safeguard your legacy and provide clarity to your loved ones during...
Strategies for reducing or eliminating estate tax in Oregon
When it comes to estate planning, understanding the nuances of taxation is important especially in a state like Oregon. Estate taxes, levied on the transfer of assets upon one's passing, can significantly impact the legacy left behind. However, residents can take...