What If Your Loved Ones Die in Debt? Understand What Can and Cannot Be Collected
Many Americans owe money, and some of them die in debt. When a person dies in debt, the creditor may be able to recoup it from the estate. However, survivors are not necessarily responsible for a deceased loved one’s debt. If one of your loved ones has died in debt,...
Oregon Probate Law Without a Will: What Happens to an Estate?
A will lets the courts know how decedents want their assets distributed – but what happens when someone dies without a will? Unfortunately, this does occur – a situation known as dying intestate. When this happens, state intestate succession laws determine the...
Why Oregon Estates Need to Consider the Oregon Estate Tax
If you’re trying to minimize your tax bill, living in Oregon could work against you. Oregon is one of the few states in the country that levies an estate tax. Moreover, the Oregon estate tax has a relatively low threshold, meaning it’s not just the superrich who have...
More People Are Rejecting Marriage: Estate Planning for Unmarried Couples
Ever more couples are eschewing marriage. According to research from Thriving Center of Psychology, two in five Millennials and Gen Zers think marriage is an outdated tradition and 85% say it’s not necessary to get married to have a fulfilled and committed...