How Do You Provide Legal Notice to Creditors After a Loved One Passes? A Portland, Oregon Probate Attorney Explains
After a loved one passes away, one of the personal representative's most important legal responsibilities is notifying creditors of the death. This process, known as providing "notice to creditors," protects both the estate and the personal representative by establishing a clear timeframe for creditors to come forward with claims.
Protecting Your Child's Inheritance from Their Spouse: What Every Parent Should Know
As a Portland, Oregon estate attorney, one of the most common concerns I hear from parents is surprisingly consistent: "How can I make sure my son-in-law or daughter-in-law doesn't walk away with my child's inheritance if they get divorced?"
How to protect your assets from divorces and creditors: Lessons from 'Big Little Lies'
I have been watching an HBO show called Big Little Lies, which is a fantastic show, but also has some lessons on estate planning. [Spoilers!] In a recent situation this season, a character named Renata (on the left in the photo above) learns that her husband is in trouble for insider trading, and that because of the way they own their assets as a married couple in the state they live in (California), everything they have is at risk and they must declare bankruptcy and sell off everything that the bankruptcy trustee tells them to sell—their home, Renata’s wedding ring, everything. To make matters worse, Renata finds out at the bankruptcy hearing that her husband has been procuring sexual favors from the nanny and promising her additional compensation for her services. This is all a huge blow to Renata, who came from a poor background, worked for everything she built, and is now having everything taken away due to her husband’s actions.