Articles

This is the final installment of the Wills vs. Trusts series and it is clear that Oregon probate law can be ruthless to those who do not create a written estate plan. It also imposes serious impacts if clients do not create an estate plan that is right for them. The right estate plan for you may involve a will, trust or a combination of both. This overview generally addresses who needs a will and those who require a trust.Continue Reading
Trusts are subject to misinformation in Oregon. Entire industries exist to scare people out of probate and create these large estate vehicles that are not always necessary. Most clients who fall for these sales pitches would save money by drafting a will and never creating the trust. When used for the right reasons, a trust protects your family’s interests. If it is created solely to avoid probate, you will lose more money and time than you will save. Here is an overview of what a trust can and cannot do in Washington, Multnomah, Marion and Clackamas counties.Continue Reading
There is no doubt that a will is a helpful estate planning tool. When it meets the requirements for a last will and testament in Oregon, it reduces family stress and streamlines the distribution of assets after death. However, there are limits to a will and that is why it is best that you discuss your circumstances with an estate planning attorney rather than attempting to draft one on your own. To get an idea of what you need to consider while estate planning in Washington, Multnomah, Marion, and Clackamas counties, here is what wills do and don’t do. Continue Reading
The availability of online legal document services (like LegalZoom and Rocket Lawyer) produces a false sense of security. Many people gain the impression that drafting a will, creating a trust or starting probate is a fun do-it-yourself project that saves money and yields desirable results without attorney involvement. In reality, the best service offered by these sites is general information. They do not offer insight on unique situations or provide continuing support. Rocket Lawyer, for example, allows online consultations with attorneys but this contact does not create an attorney-client relationship. You are not guaranteed representation if plans fail to workContinue Reading