Sarah Wolf, Attorney
Protecting Loved Ones, Assets & Aspirations Via Estate Planning
IMG_1356.jpg

information resources

Estate Planning In Oregon

Frequently Asked Questions about Wills - sourced from Oregon State Bar's web site

What is a will?

A will is a set of instructions that explains how you want your property distributed after your death.  In Oregon, you must be at least 18 years old and of sound mind to make a will.  If you are married, you can make a will before you turn 18.  Your will must be in writing and must be signed by you and two witnesses.  Some people cannot serve as witnesses to your will.  It is important to make sure that all of Oregon's legal formalities are carefully observed.

What are the benefits of a will?

A will allows you to decide who will manage your money and other property after you die, and how it will be distributed.  It lets your wishes be heard regarding the care of minor and disabled children.  It often prevents disputes among your relatives.  In a large estate, a will can also reduce the amount of taxes that may be due at your death.   Read more here from the Oregon State Bar's site

 


Questions & Answers about Probate sourced from Lane County's web site

do I need probate?

This is not a simple question since each case is unique. You may want to speak with an attorney regarding Oregon probate law and what is involved with the estate of a deceased person. 

Probate is the process of transferring the property of a deceased person to others after locating assets and paying debts.  Sometimes property can be transferred without probate through a less expensive process called an Affidavit of Claiming Successor or Small Estate Affidavit.  Read more here from the Lane County site