How an ILIT Can Help Protect Your Family's Wealth: Advice from a Portland, Oregon Inheritance Lawyer

As a Portland, Oregon inheritance lawyer, I often recommend Irrevocable Life Insurance Trusts (ILITs) to clients looking to protect their family's wealth. Life insurance is a powerful estate planning tool, but without proper planning, it can become vulnerable to creditors or unnecessarily inflate your taxable estate, especially here in Oregon, where we have the lowest exemption rate in the country (your estate is taxed on everything you own at your death over $1 million). Let's explore how an ILIT can help safeguard your family's financial future.

Estate PlanningCandice AistonOctober 1, 2024Aiston Law LLCestate planning, estate taxes, ILIT, irrevocable trusts, life insurance

Revocable vs. Irrevocable Trusts: Key Differences Explained by a Portland, Oregon Trust Attorney

When it comes to estate planning, understanding the different types of trusts available is crucial. Two common types are revocable and irrevocable trusts, each with its own set of features and benefits. As a Portland, Oregon trust attorney, I often encounter questions about the differences between these two types of trusts and which one might be the best fit for a particular estate plan.

Estate PlanningCandice AistonFebruary 20, 2024Aiston Law, LLCestate planning, trusts, revocable trusts, irrevocable trusts

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