Many people fear an estate planning process known as “probate”. In Oregon, avoiding probate is a priority for many people, but is that even possible? What is probate? 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…
A vital part of your Oregon estate plan Many of us worry about what will happen if a traumatic event suddenly injures or incapacitates us. These things happen to people of all ages and all walks of life. Unfortunately, many of them may not have estate planning documents in place. In these cases, medical decisions are handled by an…
Your Oregon will is the starting point for your estate plan The best way to ensure that Oregon estate planning law will honor your wishes after your passing? 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…
It is tempting to create online wills for putting together your Last Will and Testament. Online will creation services will tell you that the Last Will and Testament created is as good as one written by an attorney and for a much cheaper price. However, the quality of online wills created through those programs is, more likely than not,…
How to provide for a stepchild in your Oregon will Many stepparents consider their stepchildren to be their own. Oregon estate planning with stepchildren has its own crucial legal considerations. It is important to consider how to draft your estate plan. The right construction can ensure that your stepchild is treated like any other children you may have. Here…
Estate planning for new parents? That’s right. Yes, you have a lot to do as a new parent. But before we get into that… Congratulations! You have done 2 amazing things: You brought a wonderful child into your life… AND you planned for the future by creating and signing a will. Now that you have a child, though, you…
It’s crucial to designate what happens to your financial accounts When it comes to finances and estate planning in Oregon, many Oregonians hold financial accounts that have payable on death (POD) or transfer on death (TOD) designations. With POD/TOD designations, you select who gets the account upon your passing. But should you use POD or TOD? Sometimes yes, sometimes…
Creating and maintaining wills in Oregon is a backbone of any estate plan. A will is an essential document for every adult, including in Oregon. Wills in Oregon: What can your will do? Here are a few ways a will is useful for you, your estate, and those you care about. A will: Provides direction for what to do…
