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Trust administration can be a lengthy process. Some people fund trusts to distribute their assets after they die. Other people may create a trust with the intention of providing an intergenerational legacy. A trustee has numerous obligations for the duration of trust...
Telling your loved ones about your estate plan is something that is widely recommended. While some people find the thought of talking about an inevitable death painful or talking about money uncomfortable, there are a lot of benefits to doing so. For example, it...
Partners starting a new business together have to negotiate a thorough contract. Partnership agreements may discuss job responsibilities, financial investments and profit-sharing arrangements. They may also need to include buy-sell agreements. While partners might...
Planning for the future is one of the most responsible decisions you can make for yourself and your loved ones. While estate planning covers a broad range of topics, one area that often catches people off guard is joint property ownership. Though it may seem...
Wills are important documents, and they generally need to conform to state standards to serve their intended purpose. There are several requirements imposed on testators drafting wills in Oregon. The document needs to include appropriate testamentary language. The...
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...