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.
Navigating the Sandwich Generation: Legal Tools to Ease the Caregiver’s Journey
The “Sandwich Generation” refers to those caring for aging parents while raising their own children. This dual responsibility brings unique challenges that extend beyond daily caregiving to include complex legal and financial deicions. With approximately 47% of adults in their 40s and 50s having a parent over age 65 while still supporting their children, the need for proper legal planning has never been more important.
Splitting Decision-Making Powers in Your Estate Plan: Navigating the Pros and Cons | Portland, Oregon Estate Planning Lawyer
Some clients wonder if they should divide decision-making responsibilities among adult children or other trusted helpers in their estate plan. As an experienced Portland, Oregon estate planning lawyer, I often discuss scenarios where one person might serve as financial power of attorney while another handles healthcare decisions. While there's nothing inherently wrong with this approach, understanding the potential benefits and drawbacks is essential before making this important choice.
Protecting Your Child's Inheritance from Their Spouse: What Every Parent Should Know
As a Portland, Oregon estate attorney, one of the most common concerns I hear from parents is surprisingly consistent: "How can I make sure my son-in-law or daughter-in-law doesn't walk away with my child's inheritance if they get divorced?"
How to Change Your Successor Trustee: A Guide from Your Portland, Oregon Estate Planning Attorney
One of the greatest benefits of a revocable living trust is its flexibility. Life changes, relationships evolve, and sometimes the person you originally chose as your successor trustee may no longer be the best fit. As an experienced Portland, Oregon estate planning attorney, I've helped many clients navigate this common situation. Whether due to changes in their circumstances, shifts in your relationship, or simply a reconsideration of their abilities, it's completely normal to revisit this important decision.
What Do I Need to Know Before Becoming a Caregiver for a Parent? Insights from a Portland, Oregon Elder Lawyer
Taking care of a parent isn't just about love—it's about logistics. Whether you've been caregiving for years or are just stepping into this role, the reality hits fast: medication schedules, doctor appointments, financial decisions, and legal paperwork. You want to do right by your parent—but where do you even begin?
How to Make Sure Your Medical Wishes Are Honored—Even If Your Family Disagrees: Guidance on Creating an Advance Directive in Portland, Oregon
It's one of the most difficult truths we deal with in this work: We sit with clients—often in the midst of long illnesses—who tell us they are at peace. They've fought hard. They've made their decisions. And when the time comes, they're ready to let go. But here's the heartbreaking part: They fear their loved ones won't let them.
How Can I Talk to My Family About Inheritance Without Starting Drama?
We've all seen the movies—someone passes away, and the family gathers for the dramatic will reading, only to spiral into chaos when expectations don't match reality. But in real life, it doesn't have to be that way.