Have you ever wondered how to ensure the distribution of your assets according to your wishes after you pass? A living trust might be the solution you are looking for. This powerful estate planning tool offers potential benefits, making it an attractive option for...
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Month: October 2022
“I don’t have enough assets”: Why everyone needs an estate plan
Many people think they do not have enough assets to warrant a plan. But the truth is, it is not just about the size of your bank account. It is about ensuring your loved ones receive care, no matter what the future holds. Why estate planning matters It is common for...
Major life changes? Here’s when you should update your will
Estate planning involves more than just creating a will. As your life evolves, so should your estate plan. Your will needs regular reviews to ensure it accurately reflects your current wishes and circumstances. Updating your will protects your legacy and your loved...
Do you have an advance directive? Here’s why you need one
Many Oregonians might overlook the importance of advance healthcare directives in their estate planning. These crucial documents specify your healthcare preferences if you become unable to communicate. Creating an advance directive ensures healthcare workers respect...
What if your heirs are not ready to run the family business?
Most business owners want to protect their legacy. Those running a family business might want to ensure that the company passes on to the next generation and continues to thrive beyond their tenure. But what if your successors are not ready when the time comes? They...
Can I include my pets when crafting an estate plan?
Pets are more than just animals – they're loyal companions, confidants and beloved family members. But have you ever wondered what would happen to them if you were no longer able to provide care? This is a concern that resonates with many pet owners, and fortunately,...
6 tips that can help prevent family conflicts over your estate
Creating an estate plan can be a great way to safeguard your family's future and protect your assets. However, even carefully crafted plans could spark family disputes after your passing. Misunderstandings, unclear wishes, and unfair asset distribution might fuel...
Why you need more than a holographic will in Oregon
Estate planning often feels complicated, but at its heart, it's about ensuring your wishes are honored after you're gone. Some people get their head start in planning by drafting a handwritten will. Though these personal testaments may feel like something out of a...
Are electronic wills legal in Oregon?
In the world of estate planning, digital solutions are becoming more popular. A key advancement is the introduction of electronic wills, which modernize the traditional, paper-based approach. However, the legality of electronic wills varies across the United States....
A trustee has been acting shady, can I seek their removal?
Whoever takes on the role of trustee can make or break an estate plan. This person will manage and distribute the trust's assets according to the grantor's wishes. But what happens if you start to doubt a trustee's abilities or intentions? You may even want to strip...