What Happens to an Inheritance in a Divorce? Understanding Marital Assets
When one spouse receives an inheritance, the other spouse may think they’ve hit the jackpot. However, reality is not quite this simple. Although state law will determine exactly what happens to an inheritance in a divorce, and how the inheritance is used can also make...
Who Needs an Estate Plan? (Hint – You Probably Do)
Most people recognize that estate plans serve a vital purpose – for other people at least. The 2024 Wills Survey from Caring.com found that only 32% of Americans have a will. Although some people may be putting off estate planning simply because they would rather...
What’s the Difference Between Estate Tax and Gift Tax?
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...
The Oregon Small Estate Probate Shortcut
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...