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....
People create a last will and testament (often simply called a will) because they want their wishes to be known after they pass. However, a person’s will is not always the final word on the matter. In some cases, it is possible to contest a will. Reasons for...
Estate planning is NOT just for the rich and famous. Everyone should have an estate plan in place to ensure that their wishes for their assets and their healthcare decisions are followed. That being said, when the rich and famous make estate planning mistakes, the...
Since family heirlooms can hold both sentimental and financial value, making sure the right person inherits them is an important aspect of estate planning. However, common mistakes and oversights can lead to family squabbles and may result in heirlooms falling into...