Estate Planning

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...

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...

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...

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...

According to the United States Census Bureau, over 50 percent of adults ages 25-64 have some type of pet in their homes. These animals provide not only companionship but also share a unique bond that enriches the lives of their owners. While estate planning is mostly...

If someone dies in Oregon, their estate often enters probate, allowing the court to facilitate its distribution to heirs and beneficiaries. This process is standard, but there is a quicker option for estates that meet specific value limitations, also called small...

Many things in life, both the good and the bad, come unexpectedly. While there are those we cannot control, we can mitigate their adverse consequences by preparing for the unexpected. For instance, we never know if we would get into an accident that would leave us...

Usually, when preparing for our future, we think of those closest to us—our immediate family and relatives. But for some, family might not be on top of the list when making decisions. This can be because of personal reasons or simply because there are no family...

From identifying the most beneficial type of estate plan to discussing inheritance with your loved ones and deciding who to place in charge of your estate, you could have many different topics to focus on when it comes to estate planning. In addition, if you have...