Estate planning isn’t just about deciding what you want to happen to your belongings when you die – it also involves planning for what you want to happen if you’re ever incapacitated. If you’re tackling incapacity planning – something every adult should do – you may...
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...
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...
For most people, probate is a confusing process. Misunderstandings can lead to headaches, delays and even extra costs that reduce a person’s estate. Here’s how to avoid common Oregon probate mistakes. The Oregon Probate Process Probate is a legal process in which a...
As social media has become engrained in our everyday lives, the question of what happens to these accounts after the accountholder dies has taken on importance. Here’s what happens to your Facebook page is you die – and why you might want to take action now. Two...
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...