Have Your Plans Changed?

Have Your Plans Changed?

When you create an estate plan, the attorney who drafted it for you, will likely remind you to review the estate plan from time to time and make changes. This often prompts clients to ask exactly when they need to do that. The common answer is that you should review and make changes to your […]

Estate Planning for Regular People

Estate Planning for Regular People

When you start talking to people about planning their estates, they often respond in a similar way. It goes something like this: “I am not rich. I am a regular guy and do not have very much. There is no reason for me to go through the difficult process of getting an estate plan. My […]

Spousal Lifetime Access Trusts

Spousal Lifetime Access Trusts

There is one common problem that people face when setting up a trust. They need to decide whether they want the trust to help protect their assets from the estate taxes or unrestricted access to assets placed in the trust during their lifetimes. There are many different types of trusts that can be created.  However, […]

What Is the Impact on Clawback of New Tax Law?

What Is the Impact on Clawback of New Tax Law?

Although Oregon’s estate tax exemption remains at $1 million, the tax cuts passed late last year include provisions that double federal estate tax and gift tax exemption limits. That is good news on multiple fronts for many people. It means that some of them will no longer have their estates subject to the federal estate […]

Wills Go Through Probate for a Reason

Wills Go Through Probate for a Reason

When planning for their estates, many people consider whether it is better for them to get a will or a trust. Much of this consideration centers on the probate process because many people assume that wills and trusts do the same things. People may know that wills have to go through probate, while trusts do […]

Thinking of Doing Your Own Estate Plan?

Thinking of Doing Your Own Estate Plan?

Most people would prefer to avoid paying for the services of an attorney, if they can avoid doing so. This is true even in estate planning. Many people think they have straightforward desires regarding who should get their assets after they pass away. As a result, they do a little bit of research and may […]