Conscientious Estate Planning For Oregonians
Some people decide that they do not want CPR and other such measures to be used if they stop breathing or if their heart stops beating. They’re not against medical intervention if they have an illness or an injury. But if it gets to that point, they don’t want medical...
When you use a power of attorney in your estate plan, you choose an agent to act on your behalf. The power of attorney may be created for medical purposes, for example, so that someone can work with your doctors. It could also be created for legal or financial...
If you are using a trust as part of your estate plan, you can be as specific as you want. For example, you could create a trust saying that the funds have to be used for college tuition. The beneficiary would benefit greatly from essentially getting a free education,...
One reason why people procrastinate estate planning is because they think that the process is going to be overwhelming. Maybe they think they’ll have to answer dozens of questions or provide documentation spanning the last four decades. They just don’t want to address...
Estate planning allows people to instruct how their assets are handled in anticipation of their passing. The process of estate planning is complicated, so it’s often only normal for people to forget a few things. If you’re worried you might be forgetting to do...
You may assume that everyone has an estate plan or that they’ve at least written a will. Someday, everyone will pass away. This estate planning can be very helpful for the family as they make medical decisions, distribute assets and much more. But this assumption...
Although revocable and irrevocable trusts share similarities, they serve different purposes and offer unique benefits depending on your financial and personal goals. Understanding the distinctions and applications of these trusts is crucial for anyone looking to...
Trusts are something that many people never even consider when making their estate plans. They assume only rich people use them. They are, however, something anyone might find helpful. Trusts are becoming much more popular for estate planning, even among those with...
Have you been putting off making an estate plan due to concerns that it will be really time-consuming and complicated? Sometimes, better understanding the functions of an estate plan can help those who are feeling overwhelmed at the thought to start digging in. For...
When you’re going through a divorce, it’s only natural to focus on the immediate concerns – like where you plan to live and what part of the marital property is actually yours. Once the dust settles, however, you will probably need to update your estate plans as soon...