In a situation where (in 2017) a couple has only one child, and there are no joint children, and one spouse earns about $15 an hour, or $2,600 per month (i.e. $31,200 per year), and the other spouse earns about $25 per hour, or about $4,330 per month (i.e.
There are several major kinds of trusts.
These include Special Needs Trusts and Supplemental Needs Trusts (sometimes called SNT Trusts).
They also include Revocable Living Trusts (which are perhaps the most common kinds of trusts).
There are many reasons to do a trust.
One reason is that it can simplify things if the person who does the trust ever becomes unable to manage their own affairs.
While either a husband or a wife can file a petition seeking legal separation in Oregon, in almost all cases, the other side can convert the case to a divorce case when they respond.
Having an up to date Will can be crucial to achieving your estate planning goals.
Having an up to date Will can be crucial to achieving your estate planning goals.
One of the most important things a Will can do is to name the person or persons who will raise your children if you die before your children turn 18.
In general terms, if a person has benefitted from a Qualified Partnership Plan Long Term Care Insurance policy, the person can keep extra amounts from Medicaid spend down that are equal to the benefits received from the Qualified Partnership Plan (QPP) Long Term Care Insurance policy.
While a lower income former spouse will often be awarded spousal support following an Oregon divorce, that support may be limited or reduced if the lower income former spouse has access to significant wealth or property.
Spousal support is a very complex area of law in Oregon.
A great many different arguments can be made as to whether support should be awarded after a divorce.
In Oregon there is (with rare exceptions) no such thing as community property.
However, property that is acquired during a marriage, unless it is acquired by inheritance, is generally subject to division upon a divorce.