Probate 101: The Basics Every Adult in Oregon Should Know
Probate is a legal process that occurs after a person passes away, dealing with the distribution of their assets under the supervision of a court. It's a term that many of us have heard, but few fully understand. Knowing the basics can help you prepare for the future and protect your loved ones.
Understanding Probate in Oregon
Probate begins when the personal representative (also called an executor), named in the deceased's will, presents the will to the court. If there is no will, the court appoints a personal representative according to state law. The personal representative then gathers the deceased's assets, pays any debts and taxes, and distributes the remaining assets according to the will or state law.
The Challenges of Probate
Probate can be time-consuming in Oregon, potentially taking months or even years. It can also be expensive with court fees, personal representative fees, and attorney's fees. Further, probate records are public, meaning personal family matters become part of the public record.
The Role of a Portland, Oregon Estate Planning Attorney
An experienced Portland, Oregon estate planning attorney can guide you through the complexities of probate and help you plan to avoid it. They can assist in creating a comprehensive estate plan that respects your wishes, protects your assets, and provides peace of mind.
Remember, understanding probate in Oregon is not just about managing affairs after someone's death; it's about planning during life to protect your loved ones and your legacy. It's never too early to start planning, and having professional guidance can make the process much easier.
You're not alone in this journey. We are here to help ensure the probate process is as smooth as possible. Call us at (503) 235-5150 if you'd like to schedule a consultation.
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