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Estate Planning FAQ

estate planning FAQ

Ensuring you have a complete and appropriate estate plan can be a complex task. It is important to have the guidance and assistance of an experienced estate planning lawyer in Eugene throughout the process. The following are just a few of the questions people frequently have about estate planning. Do I need a will? If you are 18 years…

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Have a Carefully-Drafted Buy/Sell Agreement for Your Business

buy/sell agreement

When you own a company with others, you should always have a carefully negotiated and drafted operating agreement governing how you run the business together. Another important contract you should have all of the owners sign is called a buy/sell agreement. A buy/sell agreement may sound like you are getting ready to purchase or sell a company. However, this…

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Estate Planning When You Have Children

estate planning lawyer

While it is a wise idea for any adult to have a comprehensive estate plan, it is especially important to have one if you have a young child. Many estate planning documents help to plan for your children’s futures should something happen to you. Discuss your needs with an experienced estate planning lawyer in Eugene right away. Draft a…

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What is an Irrevocable Life Insurance Trust?

irrevocable life insurance trust

Many people purchase life insurance policies to protect their loved ones if something happens to them and they pass away. Beneficiaries can use life insurance benefits to cover funeral and burial expenses, pay off debts, cover expenses after lost financial support, pay for college tuition or other large expenses, and more. However, did you know that life insurance policies…

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When to Amend or Revoke Your Living Trust

A revocable living trust is called that for a reason – because you have the option to revoke or change the trust document at any time. If two spouses create a revocable trust together, either spouse has the right to revoke the trust, but they must agree in writing to any amendments to the existing trust document. There are…

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Power of Attorney: The Basics

One of the most helpful and practical parts of any good estate plan is known as the power of attorney, or POA. You’ve likely heard this term before, especially related to healthcare and finances- the two major areas that this form applies. So, what is the power of attorney and why should you complete this document? Essentially, the POA…

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What Type of Trust Is Right For You?

In the world of estate planning, things like wills and trusts are known as the bread and butter. Most people are familiar with how wills work, and why creating one can be beneficial. However, many people aren’t sure when it comes to trusts, especially because there is a pervasive myth that trusts are only for the wealthy. Trusts are…

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Estate Planning for the Young and Childless

When you think of “estate planning,” you probably don’t picture a young, healthy professional, do you? Many of us are accustomed to associating estate planning with older individuals, at least of retirement age. Thus, many people assume that they don’t even need to think about getting their legal affairs in order until later in life. However, this couldn’t be…

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Probate and How to Avoid It

In the world of estate planning, there is something known as “probate,” that many people wish to avoid. Probate is simply the court-supervised process of overseeing and distributing property after one’s death, mainly revolving around three main issues: determining the final wishes of the deceased, paying their debts, and disbursing their assets to their beneficiaries. During the probate process,…

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What is a Healthcare Surrogate?

In the estate planning world, there are many designations that are good to know. Because many people go into estate planning in order to get valuable peace of mind, understanding the individuals and legal rights you may give them is critical. Many of us worry about what will happen if we are suddenly injured or incapacitated, from a traumatic…

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