All tagged revocable living trust

Why do I need a Revocable Living Trust?

Everyone who has any assets (like a home or a retirement account or a business) has probably heard about Revocable Livings Trusts and wondered whether they need to set one up. At my office in Portland, Oregon, the main estate planning tool that I use to help my clients is a Revocable Living Trust. There are many reasons why so many of my clients choose to plan their estates with a Revocable Living Trust, rather than with a Will-based plan. Here are some of those reasons.

The #1 Thing You Are Putting Off: Estate Planning [Do the Damn Thing podcast, with guest Candice Aiston]

Candice was interviewed on the Do the Damn Thing podcast to talk about the #1 thing that the podcast listeners reported that they were putting off: Estate Planning.

On the episode, Candice talks about the 3 documents that everyone over 18 should have in place, the additional documents that all parents should have in place, whether you should DIY your estate plan, why people put off estate planning, how to get started on estate planning, and so much more.

Roots + Wings Legal Podcast, Episode 1: Interview with Anne Tegtmeier

Introducing the Roots + Wings Legal Podcast, hosted by Aiston Law LLC and Portland, Oregon Attorney Candice Aiston. In our inaugural episode, we talk with Anne Tegtmeier, owner of Fan Fare: Theme Catering, about what life looks like when a parent develops dementia and is seduced by scammers. It happened to Anne while she was starting her company and raising her young daughter Lily, as a single parent.

Adulting: How to prepare for summer travel with estate planning.

Many years ago, I read a story about a family who was in a car wreck while on vacation in another state. The parents were killed, but all of the children survived and since the parents did not have an estate plan, the kids were put through a long, traumatizing court process. They were in foster care for 18 months before the guardian was appointed and could take them home. It was up to the state to approve medical treatments for the kids. Thousands of dollars were spent on legal fees. The youngest child had been 18 months old at the time of the car wreck, and he was three years old when he finally went home with the guardian.

The case really shook me, especially because at the time, my youngest was only two years old, and imagining that scenario was terrifying. It had a huge impact on the way I did planning for my clients. I have always started from facing the worst possible scenarios that could happen, and then planning to avoid any bad legal outcome that we could identify.

5 New Year's Resolutions for Parents

The Holidays are hectic, but it’s always a good idea to pause and make plans for the coming year. If you’re a parent, make 2019 the year that you get your legal and financial house in order.

If you are reading this, you probably feel similarly to the way that I do about parenting: It is serious business, and it is our responsibility to provide the best care possible for our kids and to make sure they are protected and that they have every opportunity to succeed in life. If we can toast to that, I want to share with you 5 New Year’s Resolutions for Parents that you should give to your family. If you have not given these to your family yet, there is no time like the New Year to get started.