It’s hard to figure out what to do immediately after a person passes away in Oregon. There are a lot of moving parts that need to be taken care of and frankly, it can become overwhelming. Estate plans will often name an executor of estate. This person is usually a...
Taking The Stress Out Of Legal Matters
Estate Planning
Important estate planning documents to keep in mind
Estate planning is one of the most important things that you can do for yourself and your loved ones in Oregon. It can be difficult to think about, but it is crucial to have a plan in place in case something happens to you. You may have questions about the most...
Explaining revocable living trusts and how they work
When setting up an estate plan, many Oregon residents turn to revocable living trusts to hold funds for their beneficiaries. Revocable trusts have several notable features that you should consider when weighing your alternatives. How revocable living trusts work...
Understanding how debt works when working with estate planning
One of the primary goals of an estate plan for Oregon residents is bypassing the probate process as much as possible. Probate essentially exposes certain personal assets to creditors and tax assessors following the passing of a primary asset holder, and many times...
What to do when a loved one passes away
Estate planning is an overwhelming process to go through while in the midst of the grieving process if an Oregon loved one passes away. Life continues moving on when tragedy strikes, sometimes seemingly without you, and you must continue with the challenging and...
Types of certifications required for estate planning
Estate planners include lawyers, accountants, and financial advisors who specialize in estate planning. They provide services that help individuals, property owners, and businesspeople in Oregon to transfer assets to their beneficiaries. They are required to possess...
What to know about IDGTs
You're encouraged to find ways to reduce the taxation that your estate is liable for. One of the estate planning tools that you have in Oregon is called an intentionally defective grantor trust, or IDGT. This trust enables you to defer estate taxes on your property....
What should you include in your estate planning?
Estate planning is an important part of planning for the future and protecting your loved ones. As a resident of Oregon, you will want to include certain things while planning your estate. Use this estate planning checklist to help. Include a will A will is one of the...
Estate planning is more than just a will
Persons interested in writing a will might come across the words "estate planning." Some may wonder what the difference is between the two, which is understandable. Using the terms interchangeably might be the reason for the confusion, and Oregon estate administration...
Why should you create a periodic estate plan?
Estate planning can a very emotionally taxing process for Oregon residents who are reluctant to think about passing away. However, reviewing your estate plans can be crucial for making sure that your wishes are carried out after you're gone. After you create your...