Portland Oregon Estate Planning News
Creating a will in Portland, Oregon is an important task that requires filling out several different forms and meeting certain requirements. But once you’ve done so successfully, you can enjoy the peace of mind that comes from knowing that your family and loved ones will be left with the fruits of your labor in the event of your passing.
Read MoreA will enables you to clearly communicate your wishes regarding the distribution of your assets and the guardianship of your minor children after your passing. While it can be difficult to think about the inevitable, it can give you peace of mind knowing your family will be taken care of when you’re gone. Some people choose to create what’s called a joint will. A joint will is a document two or more people sign together to combine each party’s last will and testament. Generally, married couples use a joint will so the surviving spouse receives the assets when the other dies and then transfers everything to their children upon the surviving spouse’s death.
Read MoreAs a disabled young adult approaches age 18, the parents will need to decide whether to pursue an Adult Guardianship and/or Conservatorship with the Oregon county courts for the right to manage the child’s personal, financial, and medical affairs.
Read MoreIf you’ve recently been diagnosed with Alzheimer’s disease, you are undoubtedly going through an emotionally-draining and tumultuous time. One thing that could help you is to plan ahead and develop your own care team. This is a group of support people that will help you through the different stages of the disease.
Read MoreDisability planning is a Plan B for when an individual becomes physically or psychologically unable to handle his or her own financial affairs. A disability plan would go into effect once you’re medically incapacitated and would cease once you’re able to resume handling your own affairs. Thus, a disability plan could go into effect permanently or end upon your return to health.
Read MoreYou 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.
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