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.
Family Business Succession: When One Child Wants It, and the Other Doesn't – How to Make it Fair
For many families in Portland, Oregon, a family business is more than just an enterprise; it's a legacy built on hard work and shared dreams. But when it comes time to pass the torch to the next generation, a common and often painful dilemma arises: what if one child wants to take over the business, and the other doesn't? Ensuring fairness in this situation is paramount to preserving both the business and crucial family relationships. An experienced Portland, Oregon estate planning attorney can guide you through these complex decisions.
Corporate Stock in Your Estate Plan: Ensuring Proper Transfer and Protection in Portland, Oregon
For many individuals in Portland, Oregon, corporate stock represents a significant portion of their wealth. Whether you own shares in a publicly traded company, privately held family business stock, or employee stock options, these assets require careful estate planning consideration. Simply listing "stocks" in your will isn't enough to ensure these valuable assets transfer smoothly to your chosen beneficiaries. An experienced Portland, Oregon estate lawyer can help you strategically integrate corporate stock into your comprehensive estate plan.
Will Your Family Business Survive the Future? Succession Planning Considerations from a Portland, Oregon Estate Lawyer
As a Portland, Oregon estate lawyer, I've seen many family businesses flourish across generations. Unfortunately, I've also witnessed others falter during transition, not because of market conditions or competition, but due to inadequate succession planning. The hard truth? Sometimes the biggest threats to your business legacy come from within the family itself.
Portland, Oregon Asset Protection Lawyer: Safeguarding Your Future as a Physician
If you're a new doctor building your practice or a seasoned physician branching out on your own, it's time to give serious thought to asset protection planning. Did you know that doctors are among the top professionals targeted in lawsuits? It's not a matter of "if" but "when" you might face a claim.
Portland, Oregon Business and Estate Attorney on Finding the Off Ramp for Your Business Ownership
Business plans often address marketing, growth, and product development issues. However, business owners often fail to create an exit strategy, succession plan, or acquisition plan. But Succession isn’t just for obscenely wealthy kingpins of media with overly ambitious and conniving children.
Portland, Oregon Estate Planning Attorney: How Ranchers and Farmers Can Protect Their Life’s Work
Creating a comprehensive estate plan can protect your interests and your family’s future. When you work hard to earn a living and obtain assets, it’s natural to want to pass them down to your children or dependents when you pass away.
How to Create a Business Succession Plan | Portland, Oregon Business Succession Attorney
Owning a business can be an all-encompassing task. When you are focused on the day-to-day management and administration of your business, it can be hard to think long-term about a succession plan. However, planning for the future of your business after your passing is crucial.
3 Benefits Estate Planning Gives to Business Owners | Portland, Oregon Estate Lawyer
To create and build a successful business is one thing; making sure it lasts after you’re gone is an entirely different matter. There are many financial predators out there that will take advantage of a business at its most challenging time – i.e., when the founder retires or passes away – but thankfully there are also ways to protect the business you worked so hard to build. Estate planning isn’t the only factor that determines whether your business continues without you, but a Portland, Oregon estate lawyer will tell you it’s almost a sure bet that your business will fail if you don’t have the proper planning in place.
Roots + Wings Legal Podcast, Episodes 2-4: Intellectual Property, Insurance, and Tax Info for Business Owners
Recently, we held a series of interviews with Professional Partners for business owners in our business membership group. It is so important for business owners to assemble a team of professionals to guide them through protecting themselves and preventing disasters. Here are those interviews.
Business Planning: New Year's Resolutions for Business Owners
The New Year is coming up, and if you’re a business owner, you might already be thinking about your business goals for the year. If you have any goals to expand the business, earn more money, and generally kick ass, make sure that you have the legal and financial foundations in place to support your growth. Here are some things that you need to get in place.
Oregon Business Owners: Will Your Waivers of Liability Work?
It has become the norm for business owners to have their clients and customers sign liability waivers to protect the business owner from being sued if something bad happens, like an injury. But do these waivers even work?