When you die in Oregon, your beneficiaries will receive your estate according to the stipulations in your will. If everything goes as planned, future generations can use the assets that you accumulated during your lifetime. There's just one hitch: your beneficiaries...
Why you should make sure to name a beneficiary
If you have an annuity or a life insurance policy, you likely have heard of beneficiary designations. A beneficiary designation reduces the costs and time that would be used in the probate process. In Oregon, many assets pass through beneficiary designations rather...
Why should I create a living will?
Nobody wants to think about their last days on earth. However, legal experts in Oregon and around the nation recommend that people take on this very difficult subject for the sake of their family and their own health. Even if you don't want to sit down and craft an...
Estate planning advice for new parents
You just experienced one of life’s biggest changes and greatest joys: the birth of your child. Young parents in the Albany area have much on their mind, and estate planning may seem like something they do not need to worry about for decades. However, new parents will...
Debunking 3 estate planning myths
Almost everyone will encounter estate planning issues at some point in their lives. They may have to process a parent’s estate, distribute an inheritance, or simply plan and prepare their own last will and testament. Despite the fact that so many people brush up...
What is an advance health care directive and why is it important?
It's an unfortunate truth that time does not stop and everyone eventually grows older. For that reason, it is important that all Oregon residents plan for the future and set up support for themselves and their loved ones with estate planning. Most people tend to think...
The link between family law and estate planning
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...