Easy Questions  
Free Legal Documents

Overview of Estate Planning in Adel, OR

Overview of Estate Planning in Adel, OR


Death is not a tragedy to the one who dies; to have wasted the life before that death, that is the tragedy.
 
- Orson Scott Card


Do you think that estate planning is only for rich folk? Estate planning is the process of getting your affairs in order so that if you pass away unexpectedly, things will be much easier for your loved ones. It doesn't have to be hard or expensive or intimidating. Just a few simple steps: Catalog what you own, make a will and create a few legal documents (with the help of 1-2-Law.com) and review the beneficiaries on your retirement accounts. For most Americans, there's no need to worry about estate taxes or fancy trusts.

Do it for your family. You will feel so much better knowing that you've taken care of them.

• Write a will. State in this document the properties you want your beneficiaries to inherit. You can also indicate the guardian for your young children if something happens to you and your partner.

• Select a guardian for your children. Children who will inherit any money or property from you should be designated with an adult guardian to oversee their affairs.

• Update beneficiaries on retirement accounts. You can transfer to your beneficiaries your stocks, bonds and brokerage accounts if you were able to register them. If you have a bank account and retirement plans, naming a beneficiary to these documents can automatically make these accounts "payable on death". This can avoid the probate process.

• Sign up for life insurance. It would be a good investment to get a life insurance if you owe significant amount of estate tax or debts, have young children, and own a house.

• Determine of you will owe estate taxes. Estates taxes will be impose by the government upon your death if your taxable estate is more than the inclusive limits set by law.


• Determine if a living trust is right for you. Property placed in the living trust can be distributed to their designated beneficiaries without undergoing probate which can be expensive and time consuming.

• Define your health care directives . You also need to plan out for your medical care by doing a medical declaration or living will that can indicate the treatments you want or do not want and power of attorney for health care that can assign a trusted person who will make medical decisions for you if you are unable to make it yourself.

• Create a financial power of attorney . If you become incapacitated, handling your affairs can be a problem but not if you have a durable power of attorney for finances. A trusted person you have chosen yourself will be handling your finances and property if that time comes. This trusted person is called an agent or attorney-in-fact.


• Provide for funeral expenses. Payable-on-death bank account can be more reliable and easier to set-up as compared a funeral prepayment plan. This will cover your funeral and other related expenses.

• Make the final arrangements. This document will indicate your wishes for organ and body donations and also the disposition of your body through burial or cremation.

• Define the Succession Plan for your business. Make plans if you own a business by having a successor. If you have a partner in business, have a buyout agreement.

• File all estate planning documents. The person you choose in your will to administer your properties should be given access to your important documents like:

1. will

2. trusts

3. information on bank accounts, mutual funds, and safe deposit boxes

4. information on retirement plans, 401(k) accounts, or IRAs

5. insurance policies

6. real estate deeds

7. certificates for stocks, bonds, annuities

8. Information on debts: credit cards, mortgages and loans, utilities, and unpaid taxes

9. Information on funeral prepayment plans, and any final arrangements instructions you have made.

 
Edit, Download, & Print a Free
Oregon Last Will
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Edit, Download, & Print a Free
Oregon Power of Attorney
Page 1
Page 2
Page 3
Page 4
Page 5
 
Edit, Download, & Print a Free
Oregon Living Trust
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Related Legal Services near Adel, OR
Holmes Sherman W
10414 NE Sandy Blvd
Portland, OR 97220
(503) 255-9777
Attorneys
Charter Joseph
450 Siskiyou Blvd # 3
Ashland, OR 97520
(541) 488-9556
Attorneys
Joseph M. Chapter
928 C St
Ashland, OR 97520
(541) 488-9556
Attorneys, Legal Service Plans
Tindell Raymond S
11112 NE Halsey St # A
Portland, OR 97220
(503) 257-9268
Attorneys
Vincent Charles
590 Commercial Ave
Coos Bay, OR 97420
(541) 888-9071
Attorneys, Legal Service Plans
Law Offices
622 Siskiyou Blvd
Ashland, OR 97520
(541) 482-8492
Attorneys, General Practice Attorneys
David Seulean PC
622 Siskiyou Blvd
Ashland, OR 97520
(541) 482-8492
Attorneys, Legal Service Plans
Davis, Hearn & Anderson PC
515 E Main St
Ashland, OR 97520
(541) 210-8044
Probate Law Attorneys,  Attorneys,  Family Law Attorneys,  Wills, Trusts & Estate Planning Attorney
Bankruptcy Law Center
4721 NE 102nd Ave
Portland, OR 97220
(503) 253-7777
Bankruptcy Law Attorneys,  Legal Service Plans,  Civil Litigation & Trial Law Attorneys,  Bankruptcy
Trierweiler Todd
4721 NE 102nd Ave
Portland, OR 97220
(503) 253-7777
Legal Service Plans,  Attorneys,  General Practice Attorneys,  Bankruptcy Law Attorneys
Lasken Glen J
129 NE 102nd Ave
Portland, OR 97220
(800) 896-6976
Attorneys
Simms Gary L
585 Nyla Ln
Ashland, OR 97520
(541) 482-6790
Attorneys, Legal Service Plans
De Plois Jacques P
650 Newmark Ave
Coos Bay, OR 97420
(541) 888-6338
Attorneys, Family Law Attorneys, Probate Law Attorneys
Eames Tod
11155 NE Halsey St
Portland, OR 97220
(503) 254-6313
Attorneys
Cohen Emily S
10535 NE Shaver St
Portland, OR 97220
(503) 253-6016
Attorneys
McNutt Scott
1052 Southwest Blvd
Coos Bay, OR 97420
(541) 269-5821
Employee Benefits & Worker Compensation Attorneys,  Social Security & Disability Law Attorneys,  Acc
Landes Donald H
971 Commercial Ave
Coos Bay, OR 97420
(541) 269-5767
Attorneys, Probate Law Attorneys
Sario Markku A
206 S Humbolt St
Canyon City, OR 97820
(541) 575-5750
Attorneys, Criminal Law Attorneys
Dorsey David A
243 W Commercial Ave
Coos Bay, OR 97420
(541) 269-5566
Attorneys, Family Law Attorneys, Legal Service Plans
Joelson Gordon A
243 W Commercial Ave
Coos Bay, OR 97420
(541) 269-5566
Estate Planning Attorneys,  Attorneys,  Wills, Trusts & Estate Planning Attorneys,  Corporation & P
Wilgers Steven L
243 W Commercial Ave
Coos Bay, OR 97420
(541) 269-5566
Business Law Attorneys,  Real Estate Attorneys,  General Practice Attorneys,  Estate Planning Attorn
Finneran Lawrence
405 N 5th St
Coos Bay, OR 97420
(541) 269-5565
Corporation & Partnership Law Attorneys,  Real Estate Attorneys,  Attorneys,  Business Law Attorneys
Thompson Martin E
53 W Washington St
Burns, OR 97720
(541) 573-5299
General Practice Attorneys, Attorneys, Legal Service Plans
Knudsen Sam
598 Anderson Ave # 102
Coos Bay, OR 97420
(541) 267-5297
Attorneys, Legal Service Plans
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US