Portland Oregon Legal Planning News
You may already be aware that obvious and not-so-obvious defects must be disclosed when selling a property. Sure, you may not want to go into every single detail about a property you are essentially giving to someone else. It’s also true that there’s no consequence to you if you fail to provide certain information to your heirs. However, there are reasons why you want to disclose latent and patent defects of real property in your estate plan.
Read MoreWhen creating a trust to protect your family, the most crucial choice you will need to make is who will be named as the successor trustee. This is the person who will fulfill the trustee's duties when that person is incapacitated or passes away. This person has a large job, and you want to be sure you trust this person with your personal and financial health as they will be executing your final wishes.
Read MoreA Special Needs Trust is a specialized legal tool that allows a beneficiary with disabilities to utilize property or money held in the trust for his or her benefit, without jeopardizing the ability to access essential needs-based public benefits such as Supplemental Security Income (SSI) and Medicaid.
Read MoreDetermining the right time to make an estate plan is a serious task. When you visit a Portland estate planning lawyer, there are some factors the lawyer will look at, such as your current family, medical, and financial situation, to see what kind of estate plan will fit you the best. Here are some of the ways these factors can impact the estate planning process.
Read MoreAs a Portland estate attorney, I believe that an Advance Directive (commonly known outside of Oregon as a Medical Power of Attorney or Healthcare Proxy) should be included in every estate plan. A properly created Advance Directive allows someone to make important medical decisions for you in the event you are incapacitated or unable to speak for yourself.
Read MorePlanning for the future when you have a child with special needs can be complicated and daunting. The laws are often difficult to understand, and it is equally hard to anticipate the extent of your child’s future care needs. Whether you have an elementary school child whose days are filled with speech therapy appointments, occupational therapy, specialized schooling, and IEP’s or an adult child with disabilities who is completely reliant on you for daily support and care, you must begin planning ahead to ensure that your child will have a safe and secure future—even when you are gone someday.
Read MoreYoung families are busy! They are often raising young children and at the beginning stages of their careers. Estate planning is often at the bottom of their priority list – if it is even on the list at all! But our Portland will and trust lawyer would like to help bump that priority up by explaining several reasons why young families need estate planning.
Read MoreAccording to research, 69% of adults ages 50-64 are on social media regularly, and 50% of adults older than 65 are on some form of social media as well. However, in my experience as a Portland, Oregon wills and trusts lawyer, I’ve found that most people do not have a plan for what should happen to their growing portfolio of “digital assets” when they are gone.
Read MoreAs a Portland, Oregon estate lawyer, when I meet with parents to start the process of creating a special needs plan for their child with disabilities, I almost always advise against leaving any type of inheritance outright to the child when mom or dad passes away.
Read MoreCreating a will is a significant undertaking. This is essentially the document that will guide the courts and your family on how you want your final affairs to be handled when you pass away.
Read MoreToo many people falsely believe that a will is the only estate planning document you need. However, having a complete plan, which often includes a trust, can prevent many problems with your estate after your passing. The Portland, Oregon estate planning attorney at Aiston Law, LLC is committed to helping our clients understand why creating a trust can be the best way to ensure that your wishes are honored when you are gone. Here are four risks to your estate if you choose to proceed without one.
Read MoreNot long ago, our Portland, Oregon estate planning attorney was contacted by a couple who did planning with us a while back. They asked for an appointment to make some changes to their estate plan. However, their demeanor when they came in was different than the last time we met. When we inquired about the changes they wanted to make, they uncomfortably said, “We want to disinherit our son from our estate.”
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