Myths About Wills and Probate: A Portland, Oregon Estate Lawyer Explains What You Need to Know
As a Portland, Oregon estate lawyer, one of the most common misconceptions I hear from clients is that having a will means their loved ones can avoid probate. Unfortunately, this isn't the case. Let's dive into why wills and probate go hand in hand, and what this means for your estate planning.
Trust Mills: Why Mass-Produced Estate Planning Could Put Your Family at Risk
As a Portland, Oregon trust lawyer, I often meet families who've been targeted by aggressive marketing from what's known as a "trust mill." These clients usually come to us worried, clutching generic trust documents that aren't worth the paper they're printed on. While the low prices might have been attractive initially, they quickly discovered that cheap, mass-produced estate planning can cost far more in the long run.
It's 'Make-A-Will Month': Take Your First Step Toward Peace of Mind in Portland, Oregon
August is Make-A-Will Month, a national reminder of the importance of having a valid will in place. While it might not be the most exciting topic, taking this step is crucial for ensuring your wishes are respected and your loved ones are taken care of after you're gone.
Are All Trusts Living Trusts? A Portland, Oregon Estate Planning Lawyer Explains
The word "trust" gets used quite broadly, creating potential confusion. While a "living trust" is a widely discussed instrument for estate planning, it's crucial to understand that not every trust is a living trust. Below our Portland, Oregon estate planning lawyer breaks down the key distinctions.
Why Setting Up a Trust is a Smart Move When Buying a New Home According to a Portland, Oregon Trust Attorney
Buying a new home is more than just a significant financial investment; it's a key component of your overall estate. As you embark on this exciting journey, it's crucial to consider how this asset will be managed, both now and in the future. One effective strategy for managing real estate assets is setting up a trust, a tool that a knowledgeable Portland, Oregon trust attorney can help you navigate.
Revocable vs. Irrevocable Trusts: Key Differences Explained by a Portland, Oregon Trust Attorney
When it comes to estate planning, understanding the different types of trusts available is crucial. Two common types are revocable and irrevocable trusts, each with its own set of features and benefits. As a Portland, Oregon trust attorney, I often encounter questions about the differences between these two types of trusts and which one might be the best fit for a particular estate plan.
Portland, Oregon Will and Trust Lawyer on Preparing for Life's Surprises: Estate Planning for the Unexpected
Life is full of surprises, and while we can't predict every turn, we can prepare for the unexpected. Whether it's sudden incapacitation or an unforeseen financial shift, having a comprehensive estate plan can provide much-needed peace of mind. As experienced Portland, Oregon Will and Trust Lawyers, we understand the importance of being prepared for every eventuality.