If you want to give a large amount of money to someone, there’s a good chance it will result in a tax burden. This is true whether you decide to transfer the money while you’re alive or after your death as part of your estate. However, estate tax and gift tax differ...
It’s not always possible to avoid probate. Although many people want to skip the long court process, some estates simply require. However, for some smaller estates in Oregon, a probate shortcut is possible. What Is Probate? Probate is a legal process in which a court...
Have you considered what would happen if you fell into a coma and couldn’t tell people what care you wanted to receive? Unfortunately, this scenario is all too common. It often rips families apart as they fight over what their loved one would want. Oregon advance...
When people finally get serious about estate planning, they tend to have a lot of questions. One common question is whether a will or trust is better in Oregon. In many cases, the answer is that both are needed – it’s not a matter of one or the other. However, to...
When an estate passes from a decedent to heirs, Uncle Sam may take a piece. Taxes are not always owed on estates, but they can be substantial when they are. To avoid an unpleasant surprise, be prepared for death taxes in Oregon. The Two Types of Death Taxes As we...
You’ve just found out you’re going to receive an inheritance. There’s just one problem: you don’t want it. Can you decline an inheritance? It is possible, but, before you do anything, you should make sure you understand all your options and the possible consequences....