Why young adults should think about estate planning

When an Oregon resident passes away, their assets are known as the “estate.” At no point does age alter this fact. Young adults might not think about estate planning, but they should, according to many financial and legal professionals. Even someone with...

Probate required for most estates to validate will and assets

The estates of those who recently passed away in Oregon go through probate soon after their death. Probate is a process supervised by the court system in which a will is authenticated before assets are released. Estates without a will are considered intestate and...

Retirement accounts might go through probate

Retirement accounts in Oregon may be subject to probate if you don’t name a beneficiary to the account. It may be a good idea to name an alternate beneficiary in the event that your primary beneficiary dies or is, otherwise, unable to receive funds from a...

Understanding the key differences between wills and trusts

There are several estate planning tools available to an individual in Portland who wants to get their affairs in order. The goal of planning is to minimize the amount of estate tax that surviving family members, beneficiaries and heirs will pay on their inheritance. A...