Having been told many times about the importance of estate planning, Albany residents have likely updated or created them when they got married. This means they likely added their spouse as beneficiaries on their healthcare or life insurance plans and included them in...
How to plan for incapacity
Planning for incapacity is an important part of the estate planning process that should not be overlooked. It can help estate planners and their family members and loved ones plan for situations when the estate planner may not be able to care for themselves. For that...
How to use a special needs trust to protect your loved one
Families who have loved ones with special needs must consider how to provide for them should the main income providers become disabled or pass away. Special needs individuals require specialized care and, in many cases, specialized equipment such as an adjustable bed...
Revoking or altering a will in Oregon
Creating a comprehensive estate plan that covers all of your needs is important at any age. Oregon residents who have yet to move forward with a will or a trust, and all of the aspects that are part of these vital documents, should do so as soon as possible. For those...
Who can contest a will?
When a loved one passes on, you may be surprised or dissatisfied with the wishes listed in the wills and trusts. Just because someone does not approve of the decedent’s estate plan does not mean that they can contest it. There are many reasons that someone can contest...
Understanding intestate succession in Oregon
Estate planning experts routinely suggest that people begin the process of drafting their wills early on in their adult lives. Unfortunately, statistics suggest that this advice often goes unheeded. According to information shared by Gallup, only about 44% of American...
Do you need an estate plan?
Estate planning is such an important yet often neglected part of financial planning. Many people assume that an estate plan is only necessary for the wealthy and elderly, but this misconception can have significant adverse financial and emotional consequences for...
The value of periodically updating an estate plan
Putting together an estate plan is only one part of preparing for the future. Residents in Oregon who neglect to update their plan throughout the years may encounter disappointment later on when their end-of-life desires no longer match the terms of their plan....
Considerations to help you prepare an estate plan
Estate plans combine a variety of helpful components that vary depending on your lifestyle, the dynamics of your family, your end-of-life wishes and the value of your assets, among other things. Identifying which parts of an estate plan would provide you with the most...
Estate planning in a second marriage
When you find a new love after losing a first spouse either via death or divorce, you have many reasons to celebrate and feel positive about your future happiness. However, upon getting remarried, you and your new spouse may face unique challenges that may not have...
