Does Inheritance Destroy Ambition, Purpose, and Compassion? Plan Right With a Portland, Oregon Trust Lawyer
Wealth is a blessing that is earned by a few, partially earned by many more, and entirely unearned by some, yet it always involves some form of luck—creating something or investing in something at the exact right time, being born into a particular family, living in a certain city or country. Many parents lie awake at night wondering whether a large inheritance might dull their children’s drive, sense of purpose in life, or compassion for others who are struggling financially. The worry is easy to understand. The same resources that opened doors to good schools and travel could remove the urgency that pushed you to build that wealth in the first place.
National Estate Planning Awareness Week: A Time for Action
October 20-26, 2025, marks National Estate Planning Awareness Week, an annual initiative designed to encourage Americans to take the important step of creating or updating their estate plans. This week serves as a nationwide reminder that estate planning isn't just for the wealthy or elderly; it's essential protection for anyone who wants to ensure their wishes are honored and their loved ones are cared for. Whether you're a young parent naming guardians for minor children, a business owner planning succession, or someone simply wanting to avoid probate complications, this week highlights the importance of having proper legal documentation in place.
Choosing a Guardian When Your Child Has Behavioral Challenges: Insights from a Portland, Oregon Guardianship Lawyer
Most parents never wake up thinking, “Today I will pick the person who raises my kids if I cannot.” Yet that is exactly what happens by default when no guardian is named: a probate judge, guided only by paperwork, decides who steps into your shoes. For any child this is unsettling. For a child living with ADHD, autism, anxiety, or other behavioral challenges, the risks are even higher.
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.
Why Put My House in a Living Trust? 6 Benefits Every Portland, Oregon Homeowner Should Know
If you own a home, you’ve probably heard that “putting the house in a living trust” can save time and money for your family later on. Yet many homeowners hesitate because they’re unsure how a trust works or they assume the process is a hassle. Below, we answer the most common questions and show why placing your primary residence into a revocable living trust is often simpler (and more advantageous) than people think.
What Happens to My Work Retirement Account If Something Happens to Me?
Most people picture a will or trust when they think about “estate planning.” Yet for many employees, the largest asset they own is a workplace retirement plan. Knowing exactly what will happen to your 401(k), 403(b), or pension if you pass away can spare your family confusion and unexpected taxes.
Leaving an Inheritance to a Friend: What Portland, Oregon Will Lawyers Want You to Know
Most of us instinctively picture spouses, children, or other close relatives when we think about who will inherit our things. Yet many clients come to our office wanting a friend, sometimes their closest companion, to receive part or even all of their estate. That wish is perfectly valid, but it must be documented the right way. If you rely on verbal promises or vague notes, probate law will default to blood relatives, and your friend could end up with nothing.
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.
Do I Need a Will If I Don't Have Children? A Portland, Oregon Estate Lawyer Explains
It's a common misconception: if you don't have children, you might think a will isn't necessary. After all, who are you leaving things to? However, an experienced Portland, Oregon estate lawyer will tell you that having a will is crucial for everyone, regardless of their family structure. Whether you're single, married, in a partnership, or simply don't have children, a will is the cornerstone of a comprehensive estate plan.
When Your Healthcare Rep Won’t Honor Your Wishes: Lessons from ‘The Pitt’
Most people think that if they put their wishes into an Advance Directive, those wishes will automatically be followed. But in practice, that’s not always true.
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.
Why Your Younger Years Are the Best Time to Consider Life Insurance in Your Portland, Oregon Estate Plan
When you're in your 20s or 30s, "estate planning" might sound like something only for the wealthy or much older generations. However, including life insurance as part of your comprehensive Portland, Oregon estate plan during your younger years is one of the smartest financial decisions you can make. It's not just about planning for the distant future; it's about protecting your present and ensuring peace of mind for those you love.