Portland Oregon Legal Planning News
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 MoreLife insurance is a powerful tool to ensure that your loved ones are taken care of financially after you're gone. But as life evolves, so do our relationships and priorities. A common question we encounter is: "Can I change the beneficiaries on my life insurance whenever I want?" Our Portland, Oregon will and trust attorney dives into that answer below.
Read MoreThe way we plan for the future can have profound effects on our loved ones. When it comes to estate planning, one essential but often overlooked step is naming alternative beneficiaries on your accounts.
Read MoreAn essential part of estate planning is designating beneficiaries for your life insurance policy, 401(k), and other financial accounts. A beneficiary is a person who receives someone's assets upon their death. There is no "correct choice" when choosing the beneficiaries who will inherit from you. It’s a personal decision. What must be handled “properly” however is the process of naming beneficiaries so that your loved ones can inherit what you desire for them. Let’s look at beneficiary designations in a bit more detail.
Read MoreThere are some major estate planning mistakes that people make with their beneficiary designations on life insurance and retirement accounts. Let’s go through a few of the most common ones that estate planning lawyers see happen every day when we administer estates.
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