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Portland Oregon Estate Planning News

Portland, Oregon Will Lawyers on Why a Power of Attorney Is So Important for Your College Student

When most people think about estate planning tools such as power of attorney, they imagine that they are solely for people who already have children, who have significant assets, or who are nearing the end of their lives. However, you may be surprised to know that many Portland, Oregon will lawyers also recommend that college students have powers of attorney in place for both their healthcare and their finances. While your college-aged child may not require other aspects of a full estate plan, these power of attorney documents could nevertheless be vital.

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Portland, Oregon Will and Trust Lawyer on What Single Seniors Need to Know About Their Estate Plan

Whether you’re a single senior who lives alone or one who lives with a partner, establishing a new estate plan or modifying an existing one is essential. You might wish to leave assets to your partner that they could not get through intestate succession, or maybe you have children you want to leave your assets to. Perhaps there are organizations you want to receive a charitable donation upon your death. Whatever your final wishes, you should create a legally enforceable estate plan now.

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Portland, Oregon Estate Planning Attorney: How Ranchers and Farmers Can Protect Their Life’s Work

Creating a comprehensive estate plan can protect your interests and your family’s future. When you work hard to earn a living and obtain assets, it’s natural to want to pass them down to your children or dependents when you pass away.

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Portland, Oregon Trust Attorney Answers, “Is it Better to Inherit Stocks or Cash?”

Inheriting any assets from someone’s estate could benefit a person financially. However, it can also create some challenges. Cash and stock inheritances come with various advantages and disadvantages. Although they provide the funds someone might need to pay necessary expenses or grow their portfolio, some complications could arise.

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Oregon Elder Law Attorney: Three-Quarters of Middle-Class Seniors Priced Out of Assisted Living by 2033

In general, middle-income seniors have income and assets that make them less likely to qualify for Medicaid. At the same time, they may not have adequate resources to pay for the rising costs of housing and care options they need.

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Portland Estate Planning Attorney on the Importance of Compassion When Estate Planning

Estate planning is an emotionally challenging task at every step of the process. Whether you are writing your own will, helping an older relative plan their estate, or serving as the executor of the estate of a deceased loved one, you must deal with all the feelings you have about your own death or that of someone close to you.

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Portland, Oregon Estate Lawyer: Getting Your ‘Ducks in a Row’ for National Estate Planning Awareness Week

October 17th-23rd marks National Estate Planning Awareness Week, which is a key reminder of just how important estate planning is for everyone. Whether you are a 20-something new parent just starting out, a wealthy entrepreneur, or a senior citizen relying on others for long-term care, estate planning provides a solid legal foundation for protecting your family, your financial security, your wishes and your independence through all of life’s transitions.

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Long-Term Care Costs Are Rising—Here’s What You Should Know | Portland Elder Law Attorney

Due to advances in medical technology, more Americans are living longer. In many ways, this is great news. However, this situation has brought about some significant challenges that all aging people now have to face. One of the most pressing concerns is the rising cost of long-term care. Understanding how to cope with the increase of this financial burden can make life easier both for you and your family.

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Portland, Oregon Estate Lawyer on What You Need to Know About Decluttering and Downsizing for Your Loved One

It can be difficult to say goodbye to the things we own. Older adults might have an even harder time doing so because many of their possessions may hold decades of meaning or sentimental value, and the thought of parting with these mementos can bring up a lot of unexpected emotions.

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Portland, Oregon Probate Attorney on What You Need to Know about an Estate Inventory

If you are serving as the personal representative (also known as “executor”) of someone’s will, one of the most important tasks you will need to do is to complete an inventory of the decedent’s estate. This could feel like an overwhelming process, especially if the deceased person had a lot of assets. However, knowing more about the process you are about to embark on can help you feel a lot more prepared. Here is everything you need to know about an estate inventory.

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