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.
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.
Preventing Family Feuds: How a Corporate Trustee Serves as a Neutral Tie-Breaker | Portland, Oregon Trust Attorney
Even the most harmonious families can face conflict when managing trust assets. As an experienced Portland, Oregon trust attorney, I've seen how having a neutral third party can be invaluable for preserving both family relationships and wealth during disagreements.
Stepping In: What to Do as Trustee When Your Loved One is Hospitalized | Portland, Oregon Trust Lawyer
Being named a trustee is an important responsibility, but sometimes life throws unexpected situations your way. When a loved one is hospitalized and you have to step into the trustee role, you might feel overwhelmed and uncertain about what lies ahead. Here's a guide on how to navigate your new responsibilities and ensure your loved one's best interests are protected.