When it comes to your estate planning in Oregon, a trust may be the perfect solution you didn’t realize you needed. Trusts aren’t just for the wealthy either. Everyday Oregonians can benefit from having a trust as part of their estate plan. The reason is simple: At its heart, a trust is simply an agreement that manages assets for…
When someone passes away and you need to manage the affairs of their estate, it helps to have an Oregon estate checklist. From probate court to making public notice to creditors, ordering death certificates to canceling streaming services, those first weeks after someone passes away are full of tasks big and small. In the first 24 hours During that…
Here’s a realistic timeline How long does probate take in Oregon? At a minimum, 5 months, but 6-9 months is a more typical, realistic timeline. Often it can can take longer. Let’s look at what probate is, and why it takes months—or sometimes even years—to conclude. What is probate? The word alone can sound intimidating, but probate doesn’t have…
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 in the deceased’s will does not automatically give you power over the decedent’s property. The probate court needs to appoint you as…
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. Damages and wrongful eviction Oregon law lays out strict procedures…
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…
