In today's world it is important that clients make appropriate plans in case of death. Not all clients need a complex will or trust. However with a simple will, it is possible to double your tax exemptions by having the option to have a disclaimer trust for your spouse. This has become more important as the Oregon estate tax exemption of $1,000,000 (2014) is lower than the federal exemption.
In addition, although many married couples have all their assets in joint ownership, a will can also address other issues such as appointment of conservator or guardian in case the client becomes incapacitated, appointment of guardians for minors or funeral arrangements. At the time I prepare simple wills, I also suggest that the client executes a power of attorney and an appointment of a health care representative. These do not have to executed, but the client should have the opportunity to discuss them and determine if they are either needed or appropriate.
I have represented many clients in the preparation of their estate plans, from simple wills, to wills with trust provisions, to revocable living trusts.I also assist the clients in conservatorship/guardianships and probate administration.However, in today’s complex world, there may be instances where I will assist the client in obtaining additional assistance if the tax/trust issues become too complex. I will work with your financial advisor and your certified public accountant to achieve your goals.
In today's' environment, guardianships and conservatorships are being required on a frequent basis in order to properly care for family members. These proceedings can be simplified with good legal counsel and costs kept at a minimum with proper pre-planning.