Buying an Investment Property? Here Is How It Shapes Your Portland, Oregon Estate Plan
You found the perfect duplex or short‑term rental, ran the numbers, secured financing, and now you are ready to close. One question remains: does this new property change your estate plan? The short answer is yes. Real estate is a large, illiquid asset that brings tax, liability, and probate considerations that your current will or trust may not address.
Why Put My House in a Living Trust? 6 Benefits Every Portland, Oregon Homeowner Should Know
If you own a home, you’ve probably heard that “putting the house in a living trust” can save time and money for your family later on. Yet many homeowners hesitate because they’re unsure how a trust works or they assume the process is a hassle. Below, we answer the most common questions and show why placing your primary residence into a revocable living trust is often simpler (and more advantageous) than people think.
Navigating the Sandwich Generation: Legal Tools to Ease the Caregiver’s Journey
The “Sandwich Generation” refers to those caring for aging parents while raising their own children. This dual responsibility brings unique challenges that extend beyond daily caregiving to include complex legal and financial deicions. With approximately 47% of adults in their 40s and 50s having a parent over age 65 while still supporting their children, the need for proper legal planning has never been more important.
How to Change Your Successor Trustee: A Guide from Your Portland, Oregon Estate Planning Attorney
One of the greatest benefits of a revocable living trust is its flexibility. Life changes, relationships evolve, and sometimes the person you originally chose as your successor trustee may no longer be the best fit. As an experienced Portland, Oregon estate planning attorney, I've helped many clients navigate this common situation. Whether due to changes in their circumstances, shifts in your relationship, or simply a reconsideration of their abilities, it's completely normal to revisit this important decision.
Myths About Wills and Probate: A Portland, Oregon Estate Lawyer Explains What You Need to Know
As a Portland, Oregon estate lawyer, one of the most common misconceptions I hear from clients is that having a will means their loved ones can avoid probate. Unfortunately, this isn't the case. Let's dive into why wills and probate go hand in hand, and what this means for your estate planning.
Portland, Oregon Estate Lawyer on Navigating the Sandwich Generation : A Balancing Act
The "Sandwich Generation" is a term that resonates with many today – individuals caring for both their aging parents and their own children. It's a balancing act that demands time, energy, and emotional resilience. Juggling work commitments, childcare, and eldercare can leave little time for personal needs, leading to exhaustion and burnout. The emotional toll of witnessing loved ones age or struggle can also weigh heavily.
Leaving a Legacy to Your Nieces and Nephews: What to Know and Why You Need a Portland, Oregon Will and Trust Lawyer
If you share a close bond with your nieces and nephews, ensuring they're included in your estate plan is natural. However, the laws of inheritance can complicate things, especially for younger beneficiaries. Let's unravel the factors to consider.
Are All Trusts Living Trusts? A Portland, Oregon Estate Planning Lawyer Explains
The word "trust" gets used quite broadly, creating potential confusion. While a "living trust" is a widely discussed instrument for estate planning, it's crucial to understand that not every trust is a living trust. Below our Portland, Oregon estate planning lawyer breaks down the key distinctions.
Crafting Your Trust with a Portland, Oregon Trust Attorney: What to Include
When you're working with a Portland, Oregon trust attorney, it's crucial to understand what you can include in your trust document. Let's explore the variety of instructions or restrictions that can make your trust truly yours, ensuring your legacy is managed just the way you envision.
Understanding Powers of Attorney, Conservatorships, and Guardianships: Insight from a Portland, Oregon Elder Lawyer
If you've ever questioned the difference between conservatorships, guardianships, and powers of attorney for seniors, you're not alone. As a Portland, Oregon elder lawyer, I often field questions about these distinct yet related legal mechanisms. Here's an explanation to help you understand the nuances of each.
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[Real Estate] The Basics of Estate Planning: A Guide for Real Estate Agents in Portland, Oregon
Hey there, real estate agents! As an estate planning lawyer here in Portland, Oregon, I want to share some valuable insights with you about the basics of estate planning. Understanding this crucial aspect can help you guide your clients more effectively when it comes to taking title to real property. So, let's dive right in!
![[Real Estate] Taking Title: How Living Trusts Can Help Avoid Probate and Protect Your Assets](https://images.squarespace-cdn.com/content/v1/5adbadb13e2d0910618f2439/1687893966509-8IVTOZ9UP6MPRCA5OUTY/Blog+photo+Aiston+Law-12.png)
[Real Estate] Taking Title: How Living Trusts Can Help Avoid Probate and Protect Your Assets
Real estate professionals: Welcome to our Oregon estate planning blog! Today, we're going to explore the benefits of living trusts and how they can help you avoid probate and safeguard your assets. Planning for the future is essential, and understanding the tools available to protect your hard-earned assets is crucial. Let's dive in!