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....
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Month: May 2023
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...
Are you thinking about starting your own business?
You have a business idea. You believe in its potential to make a profit and eventually grow. Having your own business may seem exciting at first. You have your own time, and you keep all the money. What you may have yet to realize is successful businesses start...
Estate planning info to know before signing a will
In Oregon and throughout the country, most people would rather discuss just about any topic other than their own mortality. Some, such as those who are diagnosed with a terminal illness, are forced to have such conversations as they come to terms with the reality of...
Estate planning tips for couples with multiple children
Estate planning with multiple children in the mix can be challenging at times. Children can have disparate values, life goals, and financial situations. Some may be suitable powers of attorney and executors, while others may be less so. Considering all of this, along...
What does a trustee do?
For many people putting together estate plans, trusts and trustees are important tools. Trust can help people be more specific about where assets go after they pass away, as well as potentially saving beneficiaries time or money when it comes to estate execution. In...