12Law Arrow 12Law Arrow  Easy Questions  
12Law Arrow 12Law Arrow Instant Legal Documents
 
 
FINANCIAL & MARITAL

Cohabitation Agreement coming soon!
Separation Agreement coming soon!
No-Fault Divorce coming soon!
Bankruptcy coming soon!
 
 

Overview of Estate Planning in Durkee, OR

Overview of Estate Planning in Durkee, 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


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.

Estate Planning 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 12Law.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.

 
Personalize & Print a Free OR Last Will Create This Document
Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
 
Personalize & Print a Free OR Living Trust Create This Document
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 Durkee, OR
Deguc Vincent A
4550 SW Hall Blvd
Beaverton, OR 97005
(503) 646-9955
Attorneys, Legal Service Plans
Bryan Mcgowan Immigration Law
806 SW Broadway
Portland, OR 97205
(503) 222-9900
Attorneys
Balski Dennis
621 SW Morrison St
Portland, OR 97205
(503) 222-9830
Attorneys
Margolin Phillip M
621 SW Morrison St # 1025
Portland, OR 97205
(503) 222-9830
Attorneys
Matasar Lawrence
621 SW Morrison St # 1025
Portland, OR 97205
(503) 222-9830
Attorneys
Barry Davis
31660 Fox Hollow Road
Eugene, OR 97405
(541) 357-9676
Attorneys
Lave Alan A
621 SW Morrison St # 140
Portland, OR 97205
(503) 228-9673
General Practice Attorneys, Attorneys, Legal Service Plans
Meyer William A
610 SW Broadway # 408
Portland, OR 97205
(503) 222-9513
Attorneys, General Practice Attorneys
James Chris
1501 SW Taylor St # 200
Portland, OR 97205
(503) 274-9503
Attorneys, Legal Service Plans
Du Val Business Law PC
1012 SW King Ave.
Portland, OR 97205
(866) 601-9440
Business Litigation Attorneys
Bankruptcy Law Ctr
12725 SW Millikan Way
Beaverton, OR 97005
(503) 622-9404
Bankruptcy Law Attorneys,  Attorneys,  General Practice Attorneys,  Bankruptcy Services,  Legal Serv
Walker Kent
950 SW 21st Ave Apt 1117
Portland, OR 97205
(503) 973-9349
Attorneys
Kim Covington
2440 Willamette St Ste 101D
Eugene, OR 97405
(855) 834-9335
Attorneys, Commercial Law Attorneys
Rasskazova Larisa
1020 SW Taylor St # 425
Portland, OR 97205
(503) 228-9318
Attorneys
Totten Jeffrey
620 SW Main St # 301
Portland, OR 97205
(503) 274-9310
General Practice Attorneys, Attorneys, Legal Service Plans
Liza Langford Attorney
715 SW Morrison St # 905
Portland, OR 97205
(503) 274-9070
Child Support Collections,  Family Law Attorneys,  Adoption Law Attorneys,  Child Custody Attorneys,
Levinson Law, LLC
1020 SW Taylor Street, Ste 888
Portland, OR 97205
(503) 222-9057
Estate Planning Attorneys, Wills, Trusts & Estate Planning Attorneys, Entertainment & Sports Law Att
Blyth Bradley
10700 SW Beaverton Hillsdale Hwy
Beaverton, OR 97005
(503) 641-9000
Attorneys, Legal Service Plans
Davis C Thomas
12220 SW 1st St # 100
Beaverton, OR 97005
(503) 644-9000
Attorneys
Paul Galm DUII & Personal Injury Attorney
12220 SW 1st Street
Beaverton, OR 97005
(503) 644-9000
Personal Injury Law Attorneys, Attorneys, DUI & DWI Attorneys
Ashton Derek J
805 SW Broadway
Portland, OR 97205
(503) 323-9000
Attorneys
Baldwin-Sayre Nicholas J
805 SW Broadway
Portland, OR 97205
(503) 323-9000
Attorneys
Coers-Mitchell Christine
805 SW Broadway
Portland, OR 97205
(503) 323-9000
Attorneys
Knoll James L
1500 SW Taylor St
Portland, OR 97205
(503) 222-9000
Attorneys, General Practice Attorneys
12Law.com   |  NASHVILLE, TN USA   |  CONTACT US