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...
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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...
How to include beloved pets in an estate plan
For Oregon pet owners, there is no question the four-legged companions they live with are truly family members. For this reason, it is increasingly common for people to consider the fate of their furry friends as part of estate planning. Here are three considerations...
Questions to ask before agreeing to guardianship in a trust
One of the most important and emotional aspects of estate planning for parents is selecting guardians for their children. This task is important, as it ensures someone is named to care for the children if both parents are incapacitated or have passed away. Those who...
What happens if someone dies without a will?
When a loved one dies, it can be a confusing and traumatic time for those who were close to the deceased. Unfortunately, most people in America complicate the situation more by neglecting to create an estate plan before their death. In fact, almost 70% of adults in...
What are the benefits of a trust?
Many people have heard about trusts as part of estate planning, but they are not always well understood. While trusts can be a complicated topic, they are a wise tool in structuring estate plans for many Oregon residents. This is especially true for those with larger...
Estate planning for a loved one with mental health issues
Estate planning is often a deeply personal process, and it is one that many people work through independently with the help of lawyers and other financial professionals. However, individuals with mental health challenges may depend on support from loved ones to...
How to include an art collection in estate plans
In estate planning, objects with emotional value can often be some of the hardest to address. Art collections often fall into this category. Collections often carry a great deal of value in terms of the owner's taste and emotions, making them a less straightforward...