For those who are single, making a will or an estate plan is probably one of the last things on your mind. Regardless of whether you plan to get married or have kids, you need to have a way to settle your affairs or protect your medical needs when you either no longer...
Taking The Stress Out Of Legal Matters
Estate Planning
SSI, assets and special needs trusts
When creating a trust, there are many different issues you have to consider. Whether setting up an estate plan for yourself or on behalf of a loved one who has a disability, a special needs trust could offer a number of benefits. For example, this strategy could allow...
Who could benefit from a spendthrift trust?
One of the benefits of a trust is that there are different types of trusts you can create. If you do not feel comfortable giving your children a lump sum inheritance through a traditional trust, a spendthrift trust could be the solution. Smart Asset explains that a...
FAQs about business valuation
Whether you are getting your estate plan together or have thought about selling your Oregon business, the topic of business valuation has probably come up a time or two. If you are unsure where to start, here are some common questions about business valuation. What is...
What is an executor’s duties?
When making your estate plan, you will want to figure out who to give executorial duties to. You may already have a person in mind, even. However, you should consider the duties they must complete before you make your final choice. Handling post-death matters Forbes...
3 times when you should update your estate plan
Creating your estate plan is an important process, especially when you have specific needs for the distribution of your assets. Many people believe that estate planning is a one-time thing. You might wonder if you need to do anything with your estate plan after you...
How do you spot red flags in long-term care?
When looking for a long-term care facility, it may seem overwhelming. There are plenty of options, and many people have an opinion about what makes a good care facility. How can a person tell whether or not the facility they are looking at has any red flags? Revolving...
3 things to look for when reviewing your estate plan
Writing an estate plan is a necessary task that most Americans never get around to doing. In fact, according to reporting from CNBC, roughly 67 percent of adults in the U.S. do not have even a will, let alone a comprehensive estate plan. While you certainly should be...
What certifications do estate planners need?
Many different people can also double as estate planners, including accountants, financial advisors and lawyers. These people specialize in estate planning and provide services to anyone hoping to transfer their assets to beneficiaries. To show that they possess the...
What happens when your parent does not leave a will?
When you become an adult, you begin to recognize how much your parents have sacrificed for you. You also begin to understand that they will not be around forever. If something were to happen to your parents before they create a will, who would inherit their estate?...