August is Make-A-Will Month, a national reminder of the importance of having a valid will in place. While it might not be the most exciting topic, taking this step is crucial for ensuring your wishes are respected and your loved ones are taken care of after you're gone.

Why a Will Matters

A will is a legal document that outlines how you want your assets distributed and who you want to handle your affairs after your passing. Without a will in Oregon, state law determines how your assets are divided, and the court appoints someone to manage your estate. This process can be lengthy, costly, and may not align with your true intentions.

Having a will allows you to:

• Name a guardian for minor children: If you have young children, a will allows you to designate who you want to raise them in the event of your passing.

• Choose a Personal Representative (executor): You can appoint a trusted person to manage your estate, ensuring your final wishes are carried out efficiently and according to your instructions.

• Distribute your assets: Clearly outline how you want your property, investments, and personal belongings divided among your loved ones.

• Minimize family conflict: A well-drafted will can help prevent disputes among family members by providing clear instructions and minimizing the potential for misunderstandings.

Beyond the Will: A Comprehensive Estate Plan

While a will is a critical foundation, it's often not the only document you need to create a comprehensive estate plan. Depending on your individual circumstances, you may also benefit from:

• Powers of Attorney: These documents allow you to appoint someone to make financial or healthcare decisions on your behalf if you become incapacitated.

• Advance Healthcare Directive: This document outlines your wishes regarding medical treatment if you are unable to communicate them yourself.

• Trusts: Trusts can provide additional control over the distribution of your assets and offer potential tax benefits.

Your Partner in Estate Planning

Remember, creating an estate plan is not a DIY project. Our team is here to guide you through the process, ensuring your plan is tailored to your unique needs and goals. We'll help you determine which documents are necessary, draft them with precision, and answer any questions you may have along the way.

Don't wait until it's too late. Contact us today at (503) 235-5150 to schedule a consultation and take the first step toward protecting your legacy.

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If you want to get started on your estate plan, read about our estate planning services and schedule an appointment.

To your family's health + happiness.

~Candice N. Aiston