Verbal gifts outside of a will: It’s often thought that when someone says they want you to have something when they die, then that will happen. Some might point out that an oral contract is supposed to be legally binding. Or that what someone said should outweigh what’s in that person’s will or estate plan. Unfortunately, verbal gifts can…
Succession planning ensures your business avoid the risks and pitfalls of failing to plan for the future Once upon a time, someone who owned a business died, had no succession planning in place, and the entire enterprise became a complete mess. Sometimes the situation gets so bad, the business fails. Pretty much every business owner or partner has heard…
When you are creating or updating your Oregon will, you might wonder if you can forgive debts in your Oregon will. Your estate plan can include provisions about forgiving, or canceling, debts owed to you. Forgiving debts in your will is a powerful tool. But like any powerful tool, it must be used with care. When it comes to…
Your Oregon will is a crucial document, but it’s not the place for every wish, preference, or instruction you might want to communicate as part of your Oregon estate plan. It’s important to be careful with what you promise, instruct, or designate in your will. Here are 7 common will mistakes you want to avoid. 1. Conditions that can’t…
When we talk about estate planning, we usually talk about wills and trusts for people, couples, and families. However, Oregon businesses also need to have a solid estate plan in place. A business estate plan can protect not only the owner’s business interests, but family and business partners too. Business ownership makes your estate more valuable than you might…
From pursuing capital to transferring ownership, there are times when you need a third party to set a value for your company. Known as a business valuation, this process does more than help you prepare for a change in ownership. Knowing the value of your Oregon business also helps you see the full picture of your business’s health and…
Whether gradual or sudden, the death of a loved one comes with grief and loss. Along with working through personal and community grief, though, there is also a legal side to the death of a loved one in Oregon. To put it simply, what to do when a loved one dies in Oregon can be complicated. There are times…
When you own real estate in Oregon, accounting for it in your estate planning is crucial. Oregon law makes allowances for ways real estate can be passed according to your will and state law—and in some cases, real estate can even skip probate. Provide for real estate in your will and outside your will If you want your real…
As you steer your company’s ship through the choppy waters of 2021, the right Oregon business law expertise is crucial. Starting a new business. Upgrading operations. Sales. Transfers. New partners. No matter your Oregon business, things are always changing. With a trusted Oregon business attorney by your side, you’ll be all the more prepared to deal with whatever the…
As we head into 2021, we’ll be making lists, goals, and resolutions for things to do to help us have a better new year. A good thing to have on your list? Taking care of what matters to you, by either setting up or updating your estate plan, with a trusted Oregon estate planning lawyer by your side. In…
