Understanding the will executor duties in Oregon has its complexities, but it really boils down to one essential rule of thumb: Do nothing until your attorney says it’s okay. Don’t misuse your powers over the estate Being named in the deceased’s will does not automatically give you power over the decedent’s property. The probate court needs to appoint you…
Your estate plan always needs a will. Sometimes you need a trust too. Here are some key differences. When it comes to making or updating your Oregon estate plan, the difference between a will and a trust becomes important. After all, odds are you’ve at least heard of both wills and trusts (such as revocable living trusts). However, each…
Divorce makes so many impacts on your life and finances, but estate planning can be an easy one to overlook. However, divorce marks a need for estate plan overhauls, from your will’s beneficiaries to who holds your power of attorney. Here are things to consider before, during, and after your divorce. The effects of divorce ripple throughout your life,…
Evictions in Oregon are a complicated part of being a landlord. However, understanding the ins and outs of no cause and just cause evictions is essential to managing property in Oregon. It’s also key to preventing legal problems or financial losses due to not understanding, or failing to comply, with Oregon eviction law. In Oregon, there are two types…
Wrongful eviction mistakes can result in tenants suing for damages. They may get to remain on the property, while illegal eviction could result in your removal from the estate. Need to evict from a property in an estate? Here’s what not to do and what to be aware of. Eviction limitations due to COVID-related moratoriums Due to eviction moratoriums,…
You didn’t intend to be a landlord. Yet one way or another, suddenly you discovered you had become an Oregon accidental landlord, complete with property—and tenants. What now? What to do when you inherit property from an estate Inheritance can make you an Oregon accidental landlord Accidental landlords most commonly come about due to property inherited from someone’s estate….
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. However, it’s not the place for every wish, preference, or instruction you 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 be enforced in…
