Protecting Both Your Spouse and Your Children: Estate Planning in Portland, Oregon for Blended Families
Blending two families together takes a lot of love and patience, and most couples assume that love will carry everyone through after one of them is gone. We understand why. It feels almost cold to imagine your spouse and your children ending up on opposite sides. Yet this is one of the most common heartaches we see, and a little estate planning in Portland, Oregon can prevent nearly all of it.
Can a Person with a Life Estate Rent the Property to Others? A Perspective from a Portland, Oregon Will Lawyer
As a Portland, Oregon will lawyer, one question I often receive is whether a person with a life estate can rent the property to others. A life estate is a type of legal arrangement in which an individual, known as a life tenant, is given the right to use a property for their lifetime. After the life tenant passes away, the property then passes to the 'remaindermen' named in the deed or will.