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Stepping into the role of a trust administrator can feel overwhelming, especially if this is your first time fulfilling this role. Oregon’s trust laws provide a structured framework to guide you, but understanding the key duties and legal requirements is essential...
You may know that estate planning can help secure your family's future, but what can married couples do to protect the assets they have acquired? A bypass trust can be a powerful tool for spouses. Designed to minimize estate taxes and help people pass on assets...
When you think about estate planning, you might picture a wealthy person with a sprawling estate or complex financial holdings. But the truth is, estate planning is essential for everyone, no matter the size of your assets or even your age. Having a clear plan in...
Every adult should ensure that they have a plan in place for after they pass away. There are several things to think about, one of which is getting your assets to your beneficiaries in the least costly, easiest and most effective manner possible. You can usually do...
Creating an estate plan is something that you may not be looking forward to doing, but it’s critical so you can outline your wishes for your loved ones. There are several things that you need to think about when you’re getting ready for this. One of them is to...
A financial power of attorney (POA) is a legal document that allows someone else to manage your finances if you cannot do so yourself. In Oregon, this can be a helpful tool for both short-term and long-term planning. It allows someone you trust to handle your...
Finding out that a deceased loved one has named you as their executor can feel overwhelming, especially during a time of grief. This important role puts you in charge of carrying out someone's final wishes and handling their assets according to their will. Taking on...
When a testator creates a will, it is one of the most essential estate planning steps that they can take to make sure that their loved ones are protected and supported after their death. But what else can they gain by taking the time to create and update a will?...
Many parents worry about their children's ability to handle an inheritance wisely. A spendthrift trust offers an innovative solution to protect family wealth from risky spending habits and outside threats. This special type of trust helps ensure your loved ones...
As a writer, your words are your legacy. Your stories, characters, and ideas have the power to touch lives long after you are gone. But what happens to your literary works when you are no longer here to manage them? Estate planning for authors is more than just...