Your trust can be the most important part of your Oregon estate plan. But when abuses, lawsuits, or improper setup cause trust problems, the fallout could wreck your trust and your entire estate. Fortunately, many problems with Oregon trusts are avoidable and preventable. Let’s look at some possible trust pitfalls. 1. Incorrect, improper, and/or inconsistent trust setup Trusts are…
Funding an Oregon trust isn’t just about money, it’s about transferring assets from your ownership to the trust’s Setting up a trust? Check. But this isn’t about setting up your Oregon trust. That’s its own process. Just as important as starting your trust, is funding the trust. But… what does it mean to fund a trust in Oregon? Ready…
A high-level overview of the court and legal process It’s an unfortunate but inescapable reality: Sometimes an Oregon child needs a legal guardian to look after their well-being. How to get guardianship of a child in Oregon has a defined legal process that a person follows in order to become a court-appointed guardian for a child. We’re going to…
In Oregon, trusts are a major component of many estate plans. The successor trustee performs an essential role in an estate, but what is a successor trustee in Oregon? In Oregon, the successor trustee fulfills a trust In Oregon, there is the person who created the trust, known as the grantor. When the person passes away or becomes incapacitated,…
What do I need to bring to my first trust administration meeting in Oregon? When the time comes for you to begin administering a trust in Oregon, it also comes at a difficult time. Along with navigating the loss of the person who established the trust, there are many details to tend to. One task will be meeting with…
What are guardianships and conservatorships in Oregon, and when are they necessary? Protecting minors and incapacitated adults in Oregon? There are legal channels to follow that can get people the protection they need. To help you better understand these legal tools, this Oregon Guardianships and Conservatorships FAQ has some answers to common questions. What is a guardianship or a…
Settling debts can be a major component of probate and estate planning in Oregon You might be planning your estate, setting up a trust, and/or writing your will. It can be comforting to think of how your assets can benefit people after you pass away. You might designate contributions to nonprofits or provide financial or other help to friends…
Do these things now so administering your trust is smoother later Establishing your Oregon trust is a big step, but the tasks you handle afterward are even more important. After all, a trust doesn’t take care of itself, and nothing winds up inside the trust without some work from you. Here are the next things to do after you…
Updating your estate plan can be based on time intervals and life changes Your will is a crucial component of your estate plan. A will is not a set-it-and-forget-it document though. Now and again, it’s important to review and update your Oregon will so that it continues to reflect the realities of your situation and preferences. When to review…
An Oregon Simple Estate or Small Estates Affidavit can take less time, but only certain estates may qualify In Oregon, a typical estate may require at least 7 months to fully process and conclude the standard probate process. However, Oregon has a special procedure for smaller estates. You might see it referred to as a Simple Estate Affidavit or…
