Portland Oregon Legal Planning News
Finding love later in life is a beautiful thing. But sometimes, the realities of life and past decisions can throw a wrench into the fairy tale. A common scenario I encounter as a Portland, Oregon estate lawyer involves couples where one spouse moves into a home owned by the other's adult children.
Read MoreEstate planning is an essential process for anyone looking to secure their assets and protect their loved ones. One often overlooked aspect of estate planning is the prenuptial agreement, which is an invaluable tool for protecting individual assets and ensuring a smooth distribution of assets in the event of a divorce or separation. In this blog post, we will discuss the importance of incorporating a prenuptial agreement into your comprehensive estate plan and how it can benefit you and your family. Remember, our Portland, Oregon prenuptial lawyer is always here to help you navigate this process.
Read MoreEstablishing an estate plan is a critical part of safeguarding your assets and making sure they are passed on to the rightful heirs. However, when you have a complicated relationship or family dynamic, this process can be difficult to navigate. Fortunately, there are still ways to ensure that your wishes are respected and that your loved ones receive the assets you meant for them to have. Here’s what you need to know about estate planning when love and relationships within the family are complicated.
Read MoreGoing through a divorce can be painful, overwhelming, and stressful. It's the end of one chapter and the start of another in your life. Although it might be the right decision, you're forced to confront various issues. For example, you and your ex must agree to the terms of the divorce, such as child support, alimony, and property division.
Read MoreOne of the things that couples should consider when doing their estate planning is: What happens to my assets if my surviving spouse remarries? Many people worry that their assets will eventually go to their surviving spouse’s new partner, rather than the kids, and they are right to worry. That is how things end up most of the time. But there are some ways that you can plan to avoid that happening, if this is a concern that you have.
Read MoreAnother day, another celebrity estate plan gone wrong (maybe). Chris Cornell, the musician known for being the frontman of Soundgarden and Audioslave, died over two years ago, but his estate is back in the news because his daughter filed a claim to receive funds from the estate.
Read MoreI have a math problem for you: If 70% of Americans don’t have any estate planning done, and if 50% of marriages end in divorce, and if men statistically remarry 2 years after their spouse dies or they divorce, and if women statistically remarry 5 years after their spouse dies or they divorce, and if most married couples own their property jointly, how likely are parents to accidentally disinherit their kids? I don’t have an exact number for you, but the answer is: VERY likely.
Many parents consider the possibility of protecting their kids’ inheritance from evil family members, but few consider the possibility that their kids may lose their inheritance simply due to a lack of proper planning. In a word: A will is not enough.
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