Much of our time is spent online — and you will likely accumulate a significant amount of digital assets during your lifetime. While you may be thinking about who will inherit your home or family heirlooms, it’s critical to be aware that digital assets must be considered just like any other type of asset when it comes to estate planning. Import…
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Having a last will and testament in place ensures your property will be distributed in accordance with your wishes when you pass away. However, you might be wondering what happens to property when there is no will. In cases where a person did not leave behind a will or any estate planning documents, state law will dictate the outcome. How Does Prop…
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A trust is a crucial estate planning tool that can help ensure your assets are protected and passed to a beneficiary of your choice. While creating a trust can help to avoid probate and ensure your property is distributed in accordance with your wishes, it’s important to understand that there are a number of steps that are associated with managin…
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It’s never too soon to start planning your estate. Although no one wants to think about it, the unexpected can happen at any time and it’s important to have a plan in place that protects your loved ones — and gives you peace of mind that your wishes will be carried out. Significantly, a comprehensive estate plan shouldn’t only consist of a…
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The process of estate planning can sometimes feel overwhelming, and you might not be sure what to expect when you consult with your attorney for the first time. As the date for your meeting approaches, it’s important to prepare in advance so you can get the most out of it. Although your attorney may ask you questions that you might never have tho…
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Most people are familiar with prenuptial agreements. Commonly referred to as “prenups,” many might think that these contracts are only for celebrities and the ultra-wealthy. However, this is not correct — a prenuptial agreement is a crucial legal tool that can be used by anyone who wishes to have control over their assets and property in the…
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If you’ve been considering planning your estate, you may be wondering whether a will or trust is right for your specific situation. Wills and trusts are two types of estate planning tools that can be used individually or together, as part of a comprehensive estate plan. What is the difference between a will and a trust, though? While the obje…
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If you die without a will, it is referred to as dying “intestate.” When this happens, assets will be distributed based on Oregon intestacy laws. This means that the courts will decide what will happen to your property, as well as who will supervise the distribution of your assets. Because there is no guarantee that the state’s laws will coinc…
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A will is a written set of instructions that explains how you want your property distributed after your death. Creating a will allows you to decide who will manage your money and other property after you die and how it will be distributed. It also communicates your wishes about the care of your children, if they are minors or are disabled. Another…
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The outbreak of COVID-19 has left many of us feeling stressed and overwhelmed. Some Oregonians may have found themselves contemplating their own mortality. You may also be concerned about the well-being of an elderly or vulnerable loved one. Considering your estate planning needs and goals can give you peace of mind during these uncertain times. Fr…
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Salem attorney Sarah M. Litowich is an Oregonian through and through, with roots in rural eastern Oregon and the Willamette Valley. She is grateful for these deep Oregon roots because she learned the value of hard work and building and maintaining st… Read More