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...
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Month: December 2022
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...
Why estate planning matters for Oregon families
It is a widely held belief that estate planning is only for the wealthy and elderly. In fact, only about 33% of Americans have the proper documents established to protect their legacy and their loved ones' future. However, estate planning is crucial for everyone,...
Responding to a domain name dispute
As an online entrepreneur, your domain name is a vital asset that represents your brand and online presence. However, while it may seem a distant possibility, disputes over domain names can arise. When it does, it can potentially jeopardize your business. The Uniform...
Should I add intellectual property provisions in contracts?
In any business transaction or collaboration, it is vital to establish clear ownership and rights over intellectual property (IP). Contracts provide a formalized structure for addressing IP-related matters. It ensures that parties are protected and have control over...
What is an income cap trust, and how does it work?
Estate plans usually indicate people's wishes regarding their assets after death. However, specific estate planning tools have other purposes. Certain types of trusts, such as income cap trusts, could help provide individuals with ways to maintain eligibility for...