Many people chose to have trust based estate plans, instead of relying only on Wills.
There are many good reasons to do a trust.
One reason is that a trust will often allow you to avoid probate after your death.
In Oregon, one can only file for divorce in a county where one party or the other lives.
The form of Advance Directives for Health Care in Oregon is set forth in statute.
In other states, Advance Directives for Health Care are sometimes called Living Wills, or Health Care Powers of Attorney.
Sometimes people put off applying for Medicaid far longer than they should.
This can result in far more money being spent paying for long term care privately than was necessary, if Medicaid could have stepped in earlier.
People sometimes wonder whether they gain an advantage by filing first in a divorce situation.
In some cases, the answer is yes.
Something that some people don’t think of relates to money passing to their children.
If you do not have a Will and are not married at the time you die, your children WILL get your assets (if you have children).
Many General Judgments of Dissolution (sometimes called Divorce Decrees) require retirement assets be split, or require some retirement assets to be transferred or assigned to the owner’s former spouse.
Some people believe that if they only have a small amount of assets they do not need a Will. While it is true that some assets can (with proper planning) pass outside of probate, and that other assets can pass with a small estate proceeding or affidavits of heirship, it is often difficult to
While it can be very unfortunate to wait too long to apply for Medicaid, possibly losing benefits that might have been available, and possibly losing money that did not need to be spent on care costs that could have been paid by Medicaid if an application had been made at the correct time, it
After a divorce is completed, there is usually still a lot of work to be done.