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Have a Carefully-Drafted Buy/Sell Agreement for Your Oregon 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 your Oregon business together. Another important contract you should have all of the owners sign is called a buy/sell agreement. What is a Buy/Sell Agreement? A buy/sell agreement may sound like you are getting ready to purchase…

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Family Estate Planning in Oregon When You Have Children

estate planning lawyer

Your Oregon will and estate plan protects your family 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 you plan for your children’s futures should something happen to you. Discuss your needs with an experienced…

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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: 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 many situations…

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Oregon Power of Attorney: The Basics

One of the most helpful and practical parts of any good Oregon 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? The power…

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What Type of Trust Is Right For You?

Let’s demystify trusts 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…

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Estate Planning for the Young and Childless

A valid Oregon estate plan is for any adult 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…

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Probate and How to Avoid It

What is probate? 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 3 main issues: Determining the final wishes of the deceased Paying their debts Disbursing their assets to their beneficiaries During the…

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What is a Healthcare Surrogate?

A vital part of your Oregon estate plan Many of us worry about what will happen if we are suddenly injured or incapacitated, from a traumatic event such as a car accident. The truth is, these things happen to people of all ages and all walks of life, many of which may not have estate planning documents in place….

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Estate Planning 101: 3 Reasons to Create a Will

Your Oregon will is the starting point for your estate plan The best way to ensure that your wishes will be honored after your passing is to create a throughout estate plan with an experienced attorney. A will is a key component of any Oregon estate plan. A will is legal document which allows you to distribute your property…

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