Estate Planning Attorneys Serving the Portland, Oregon Communities
We, at the Law Offices of Richard B. Schneider, LLC are pleased that you stopped by our Estate Planning Information Website. Our Portland, OR law firm is dedicated to providing our clients with personalized plans for estate planning, probate, trust administration and advanced estate planning information. By having personalized estate planning, probate, trust administration or advanced estate planning information for your specific situation, you’ll be able to gain the knowledge that you need to move forward with your estate planning goals. Feel free to contact our legal staff to consult with a professional estate planning, probate, trust administration or advanced estate planning attorney at our Portland, OR law firm.
A Last Will and Testament is a great way of communicating with your loved ones how you’d like your assets to be distributed once you are gone. A will is a legal estate planning document used in probate court to assist in the distribution process. Without a Will, a probate court determines how your property will be disposed of, potentially leaving some of your loved ones without an inheritance. Making sure you have a valid will upon death is just part of healthy estate planning. With a will included in your estate plan, You will get a peace of mind knowing that your family can get the continued support they deserve.
When it comes to estate planning, many people stop at a Last Will and Testament. Although a will is important, it is not the only means of communicating how you’d like your assets distributed. A living trust can do just that, as well as safeguard your assets and potentially reduce estate taxes. Assets funded into a living trust can avoid probate, meaning that you can distribute them without waiting on a Probate hearing. Your heirs can immediately receive the benefits of your estate, or receive them at a time you’ve specified in your living trust. The estate planning attorneys at our Portland, OR law firm can help. Our estate planning and living trust attorneys can prepare your living trust, as well as amend it anytime when changes in your life occur. Living Trusts can be created specifically to suit your needs and can potentially minimize some tax liability. This helps to ensure that your assets aren’t depleted by estate taxes and instead preserved for your family.
When someone passes away, property that wasn’t funded into a living trust goes into probate. Probate is a court supervised process of distributing assets and paying any remaining debt and estate taxes of the deceased. The probate process in Portland, OR can be stressful and complicated especially for those that are grieving the loss of their loved one. The estate planning and probate attorneys in our Portland, OR law firm can help. Our experienced probate lawyers can assist you with the entire Probate process, from preparing the necessary legal documents to making court appearances. Our probate attorneys can help.
Our estate planning and trust administration attorneys in Portland, OR can assist you with all trust administration matters. Trust Administration involves reviewing the trust document, inventorying the assets, paying debt and estate taxes, and distributing the assets as specified by the trust, to name a few. An attorney is recommended to handle trust administration because a trustee risks being brought to court if a beneficiary suspects the trustee if mishandling the trust, and using the trust funds for personal financial gain. Trust Administration can be complex, and sometimes involves a lot of legal and financial decisions. Having an estate planning and trust administration attorney can help with the process.
Advanced estate planning has a primary focus on reducing estate taxes. Advanced estate planning can help you achieve your long-term financial goals by reducing estate taxes, preserving more of your estate for your loved ones. Our advanced estate planning lawyers in our Portland, OR law firm can help with all of your advanced estate planning needs including Irrevocable Life Insurance Trusts, Charitable Remainder Trusts, Grantor Retained Income Trusts, Family Limited Partnerships and Family Foundations. Find out if advanced estate planning is right for you.