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...
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Estate Planning
When to update your estate planning
Updating your estate plan isn't the most enjoyable activity, and most people don't even think about it often. While it can be daunting to plan for your own demise, the right estate planning tactics can help you focus on living life to the fullest and leaving something...
Is a simple will for me?
The majority of Americans do not have an estate plan. One reason for this is that many Americans believe that estate planning is best left until retirement. Others believe that only people with large estates need an estate plan. Nothing could be further from the...
Here is what happens when you pass away without an estate plan
You have the choice not to set up an estate plan. But you should make an informed decision whether or not to have a will, trust and other estate planning documents in place. For one thing, you should know what the consequences of dying without an estate plan are in...
The importance of managing online accounts after death
Managing an estate plan presents multiple challenges, and now many individuals must develop a strategy for online accounts. This means different things for different people, depending upon how big an online footprint a person has. At the minimum, though, any person...
Formulating your estate tax strategy
As you progress deeper and deeper into the estate planning process in Oregon, you quickly begin to realize that there are opportunities to limit the potential liabilities against your estate (such as avoiding probate or planning to settle your debts before your...
How can you choose an executor?
When it comes to your estate plan, you have to choose an executor of an estate. Your executor is the person who will have the legal responsibility to pay your debts and taxes. The executor also distributes your estate to your beneficiaries. To choose an appropriate...
What should you prioritize when reviewing your estate plan?
Reviewing your estate plan can seem like a big task. This is especially true when you consider that experts suggest you review it every 3 years. But in reality, you do not need to review the entire thing each time. In fact, prioritizing your reviews makes the entire...
Steps to take before creating an estate plan
If you are thinking about setting up an estate plan, there are a number of different topics to focus on. Aside from figuring out which approach is best for you and those you love, you need to look at your individual circumstances and move forward carefully. The...
3 common estate planning mistakes to avoid
People have goals to have a good week, a great year and a good life overall. These wishes for the future should extend to estate planning. Having an estate plan established is highly beneficial as individuals can make informed decisions about their estate and maximize...