With hundreds of thousands of coronavirus cases in Oregon, COVID estate planning is, unfortunately, a consideration for all. Coronavirus/COVID-19 is a reality in Oregon. We hope that health measures will help curb the spread of the disease. In the meantime, now is the time to review and update your Oregon estate plan. Or, if you don’t have an estate…
Day-to-day business runs more smoothly with a current Oregon operating agreement The state of Oregon doesn’t require businesses such as LLCs to have an Oregon operating agreement, but smart businesses have one regardless. Besides, the state might not require an operating agreement, but your lenders and investors probably will. Plus, running a business has more than enough day-to-day challenges….
Review your Oregon estate plan New rules for inherited IRAs, or “stretch IRAs” took effect Jan. 1, 2020 Known as “stretch IRAs,” making your Roth IRA or traditional IRA part of your trust and estate has new rules. These new rules mean big changes for your inheritors. To be clear, the new rules under the SECURE Act apply only…
Your Oregon Power of Attorney, or POA, is a powerful, important Oregon estate planning document. It’s crucial not only to establish a POA, but to keep it up to date as well. Oregon Power of Attorney: What is it? In Oregon, your POA document gives another individual the authority to make financial and legal decisions for you if you…
Business law is a complicated area. Eugene is home to companies of all sizes and types, and these business owners regularly have many legal questions and concerns. Below are some common questions about our business law lawyer in Eugene and the services we provide. What types of clients do you help? Our business law firm assists many types of…
Estate planning has many options. Ensuring you have a complete and appropriate estate plan can be a complex task. It is important to have the guidance and assistance of an experienced estate planning lawyer in Eugene throughout the process. Here are a few common questions. Do I need a will? If you are 18 years of age or older,…
A business buy sell agreement is one of the important contracts all owners maintain. For example, 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. The business buy sell agreement serves a different, but also crucial, purpose. What is a business buy…
Your Oregon will and estate plan protects your family Family estate planning documents help you plan for your children’s futures should something happen to you. 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. Ready to create or update your…
An Irrevocable Life Insurance Trust, or ILIT, goes above and beyond life insurance policies. After all, 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…
A revocable Oregon living trust is called that for a reason: You have the option to revoke or change the trust document at any time. But when should you? 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…
