A life-long and dynamic process, estate planning is not something you can set and forget. As our estate planning attorney team knows well, there are many life events that can trigger the need to establish or revise your estate plan, such as:
Litowich Law can help you establish and update your estate plan at every phase of your life. We welcome you to schedule an initial consultation by calling 503-419-6422 or contact us online.
With our attorneys, families can plan for their future using various estate planning tools, such as:
A will is a document that explains how you want your property divided and final affairs managed when you die. Wills often will go to the probate court after you die.
A trust agreement creates a separate legal entity known as a “trust.” Property is placed into the trust’s ownership with instructions to a trustee about what to do with the property once you die. People often use this tool with the goal of avoiding the expense and delay of probate court. In some situations, trusts can help minimize estate and gift taxes.
Probate is the process of submitting a will to the court so that it can supervise the process of paying the deceased person’s debts and distributing the property. Most commonly, probate is required when a person’s estate is disposed of only with a will.