How an ILIT Can Help Protect Your Family's Wealth: Advice from a Portland, Oregon Inheritance Lawyer
As a Portland, Oregon inheritance lawyer, I often recommend Irrevocable Life Insurance Trusts (ILITs) to clients looking to protect their family's wealth. Life insurance is a powerful estate planning tool, but without proper planning, it can become vulnerable to creditors or unnecessarily inflate your taxable estate, especially here in Oregon, where we have the lowest exemption rate in the country (your estate is taxed on everything you own at your death over $1 million). Let's explore how an ILIT can help safeguard your family's financial future.
Grandparents and Estate Planning: How a Portland, Oregon Estate Planning Lawyer Can Help You Protect Your Grandchildren's Future
As a grandparent, you've probably spent countless hours doting on your grandchildren, showering them with love, and creating precious memories. But have you considered how you can continue to support and protect them long after you're gone? As a Portland, Oregon estate planning lawyer, I've seen firsthand how grandparents can play a crucial role in securing their grandchildren's financial future. Let's explore some powerful strategies you can use to leave a lasting legacy.
Buy-Sell Agreements: The Unsung Hero of Business Planning
As a Portland, Oregon business planning lawyer, I've seen too many thriving businesses falter when faced with unexpected transitions. That's where a buy-sell agreement comes in - it's the safety net you hope you'll never need but will be eternally grateful for if you do.
AI Wrote My Will... And Now My Family's in Chaos: A Portland, Oregon Will Lawyer's Cautionary Tale
As a Portland, Oregon will lawyer, I've seen my share of DIY disasters, but AI-generated legal documents are taking things to a whole new level of potential chaos. Let me explain why entrusting your legacy to an AI might be the plot twist your family doesn't need.
The Grantor: Unsung Hero of Estate Planning - A Portland, Oregon Trust Lawyer's Perspective
Imagine you're at a family reunion, and your eccentric Uncle Joe starts talking about how he's become a "Grantor." Your cousin rolls her eyes, assuming it's just another one of Uncle Joe's quirky hobbies. But little does she know, Uncle Joe might just be the smartest person at the picnic table.
What to Know When Including Raw Land in Your Estate Plan: Advice from a Portland, Oregon Estate Lawyer
Owning a piece of undeveloped land can be an exciting investment, full of potential and possibilities. However, when it comes to including this asset in your estate plan, there are unique considerations to keep in mind. As a Portland, Oregon estate lawyer, I often work with clients to ensure their raw land is properly addressed in their estate planning documents. Here's what you need to know…
The Dynamic Duo of Your Financial Future: How Portland, Oregon Estate Planning Lawyers and Financial Advisors Collaborate
When you decide it's time to get serious about your future, you might be surprised to learn that you need not one, but two professionals in your corner: an estate planning lawyer and a financial advisor. Many people assume these roles are interchangeable or that one professional can handle it all. Spoiler alert: they are two separate roles and here's why that's actually great news for you.
Family Feud: Estate Planning Edition - How to Prevent Your Kids from Fighting Over Your Care in Portland, Oregon
Have you ever caught yourself thinking, "I love my children, but when it comes to my future care, they'll probably end up in a battle royale"? You're not alone. As a Portland, Oregon will lawyer, I've seen countless families grapple with this exact concern. It's the elephant in the room that many of us dread addressing: what happens when our adult children can't see eye to eye on our care decisions?
Q & A with Portland, Oregon Estate Lawyer: Updating Estate Plan after Divorce
My ex-husband is named as the executor in my will. Do I need to change this after our divorce?
Expect the Unexpected: A Portland, Oregon Special Needs Lawyer's Guide to Contingency Planning
As parents of disabled children or adults, we often find ourselves lost in thought about their future. We picture a world where they're safe, happy, and well-cared for, even when we're no longer around to guide them. But here's a hard truth that many of us have faced: sometimes, despite our best efforts, Plan A just doesn't pan out.
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.
Portland, Oregon Asset Protection Lawyer: Safeguarding Your Future as a Physician
If you're a new doctor building your practice or a seasoned physician branching out on your own, it's time to give serious thought to asset protection planning. Did you know that doctors are among the top professionals targeted in lawsuits? It's not a matter of "if" but "when" you might face a claim.