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.

Changing Beneficiaries on Your Life Insurance: Flexibility and Considerations from our Portland, Oregon Will and Trust Attorney

Life 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.

Leveraging Life Insurance for Your Estate Plan: Insights from an Estate Lawyer in Portland, Oregon

One common misconception when it comes to estate planning is the belief that one must have significant assets to establish a comprehensive plan. As an estate lawyer in Portland, Oregon, I'm here to tell you that this simply isn't the case. In fact, life insurance can play a crucial role in your estate planning, even if your existing assets are modest.

Portland, Oregon Elder Law Attorney Answers, “Can the Nursing Home Take Mom's Life Insurance?”

If you have a parent in a nursing home, you're likely facing a lot of difficult decisions and stressful situations. It's natural to feel overwhelmed, but it's important to remember that you have options and resources available to you. One question that often comes up is whether the nursing home can take a loved one’s life insurance policy. Let's dive into this issue and provide some empowering advice.

Spring Cleaning from an Estate Planning Lawyer: 3 Things to Review NOW

As part of your Spring Cleaning, I recommend that you review a few key things to make sure that your estate and financial plans are going to work when you need them. You have made investments in your future based on goals that you have. It’s smart to review them each year to make sure that you’ve protected your investment, and so that your plan aren’t totally useless by the time you need them.

3 Bad Things That Could Happen If You Don't Get Life Insurance Right Now!

Most people should have life insurance, especially if you have anyone who depends on you financially or for actual care. People who need life insurance usually know that they need life insurance, but are waiting for a better day to buy it. You are not going to get thinner, richer, or smarter than you are now. I am here to tell you that if you wait for a better day to buy life insurance, bad things can happen.

Estate PlanningCandice AistonFebruary 24, 2020Aiston Law, LLCestate planning, life insurance

Beneficiary designation pitfalls

There 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.

5 New Year's Resolutions for Parents

The Holidays are hectic, but it’s always a good idea to pause and make plans for the coming year. If you’re a parent, make 2019 the year that you get your legal and financial house in order.

If you are reading this, you probably feel similarly to the way that I do about parenting: It is serious business, and it is our responsibility to provide the best care possible for our kids and to make sure they are protected and that they have every opportunity to succeed in life. If we can toast to that, I want to share with you 5 New Year’s Resolutions for Parents that you should give to your family. If you have not given these to your family yet, there is no time like the New Year to get started.

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