Blog photo Aiston Law-5.png

News

Portland Oregon Estate Planning News

Posts in Financial Planning
Smart Gifting: A Portland, Oregon Estate Lawyer's Guide to Supporting Your Grandchildren's Future

As a Portland, Oregon estate lawyer, I often meet grandparents who want to provide financial support for their grandchildren while ensuring their generosity doesn't inadvertently create complications. Whether you're thinking about college funding or creating a lasting financial legacy, strategic planning can help maximize your gift's impact.

Read More
Understanding the New Inherited IRA Rules: A Portland, Oregon Estate Planning Lawyer's Perspective

Inheriting an IRA can be a significant financial event, and recent changes to the IRS rules make it crucial for beneficiaries to understand their obligations. Whether you're in Portland, Oregon or elsewhere, these new regulations could significantly impact your inheritance. As a Portland, Oregon estate planning lawyer, I'll break down the key changes and how they could affect your financial planning.

Read More
The Dynamic Duo of Your Financial Future: How Portland, Oregon Estate Planning Lawyers and Financial Advisors Collaborate

When you decide it's time to get serious about your future, you might be surprised to learn that you need not one, but two professionals in your corner: an estate planning lawyer and a financial advisor. Many people assume these roles are interchangeable or that one professional can handle it all. Spoiler alert: they are two separate roles and here's why that's actually great news for you.

Read More
Understanding Retirement Account Beneficiaries: Guidance from a Portland, Oregon Inheritance Lawyer

Retirement accounts, such as 401(k)s and IRAs, are often significant components of your financial portfolio. But do you know who will inherit these funds when you pass away? It's a crucial aspect of estate planning that deserves attention. Here, a Portland, Oregon inheritance lawyer offers expert insight into how retirement accounts are handled after your death.

Read More
Leveraging Life Insurance for Your Estate Plan: Insights from an Estate Lawyer in Portland, Oregon

One common misconception when it comes to estate planning is the belief that one must have significant assets to establish a comprehensive plan. As an estate lawyer in Portland, Oregon, I'm here to tell you that this simply isn't the case. In fact, life insurance can play a crucial role in your estate planning, even if your existing assets are modest.

Read More
Pros and Cons of Adding an Adult Child to a Bank Account: A Guide for Portland, Oregon Seniors

Are you a senior who is contemplating adding an adult child to your bank account to help manage your finances? It may seem like an easy solution for getting assistance with bill payments, but it's crucial to weigh the pros and cons before taking action. Our Portland, Oregon elder law attorney is here to guide you through this decision.

Read More
Portland, Oregon Elder Law Attorney Answers, “Can the Nursing Home Take Mom's Life Insurance?”

If you have a parent in a nursing home, you're likely facing a lot of difficult decisions and stressful situations. It's natural to feel overwhelmed, but it's important to remember that you have options and resources available to you. One question that often comes up is whether the nursing home can take a loved one’s life insurance policy. Let's dive into this issue and provide some empowering advice.

Read More
Portland, Oregon Elder Law Attorney: Financial Strategies for Caring for Aging Loved Ones

As our family members age, taking care of their financial and medical needs becomes increasingly important. Having conversations about the realities of aging early on can help ease the emotional stress that comes with it - providing a cushion for both you and your loved ones in case any conditions like dementia set in quickly down the line. With proactive planning and by utilizing the strategies listed below, families can ensure that their older loved ones are well-supported through this stage of life.

Read More
Series I Bonds: Portland, Oregon Probate Lawyers Reveal What You Need to Know

A Series I bond is a non-marketable interest-bearing U.S. government savings bond. It's a low-risk investment that earns a variable inflation rate adjusted every May and November and an interest rate fixed for the bond's life. The non-marketable feature means you can't sell or buy it in a secondary market.

Read More
Portland, Oregon Estate Planning Lawyer on How to Make a Charitable Bequest with an IRA

You can donate retirement accounts, such as an IRA, by distributing the proceeds to charity. However, the tax benefits for donating this way are minimal. A tax-efficient donation strategy is to contribute your retirement fund directly to a charitable organization as part of your estate plan.

Read More
The Best Identity Theft Protection Services of 2022

We have all heard horror stories about identity theft. Not only is it astonishingly easy for thieves to steal your identity, but it often comes with little recourse and can take years to repair your credit when it happens. Seniors are especially susceptible to identity theft because they are less likely to use tools that help to keep their identities secure. As people age, the danger becomes even greater, because a person may experience dementia or other cognitive impairments that go unchecked before things get to a serious enough point that someone steps in to manage that person’s affairs.

Read More
Spring Cleaning from an Estate Planning Lawyer: 3 Things to Review NOW

As part of your Spring Cleaning, I recommend that you review a few key things to make sure that your estate and financial plans are going to work when you need them. You have made investments in your future based on goals that you have. It’s smart to review them each year to make sure that you’ve protected your investment, and so that your plan aren’t totally useless by the time you need them.

Read More