Our estate planning attorneys help clients design and implement comprehensive estate plans that minimize taxes and achieve the client’s goals for property distribution and family business succession and preservation. Through the estate planning process, we counsel our clients on the use of basic estate planning documents such as wills, revocable living trusts, health-care directives and powers of attorney. We also assist our clients in carrying out more complicated estate planning objectives such as family and charitable gifting plans through the use of charitable trusts and family limited liability companies. We also counsel our clients on the implications of the federal and state estate taxes, and the generation skipping transfer tax. We provide clients with information about the available options to reduce those taxes either through gifting of assets, use of trusts to take maximum advantage of the exemptions from the tax, and other legitimate ways to reduce the size of one’s estate that will be subject to the tax.
We work with our estate planning clients over their lifetime to carry out their goals. Family and financial situations often change, so we regularly update estate plans that have become outdated or need to be revised because of changing circumstances. We also regularly assist clients that have moved to Oregon from other states in updating their documents to comply with Oregon law.
Our estate planning team is also there when a family member dies. We help our clients properly administer the estate. This may include the administration of a trust for those clients that have revocable or irrevocable trusts, or the initiation of a probate if necessary to ensure that assets are transferred to the intended recipients after death. We help coordinate all of the difficult and sometimes confusing tasks that arise after death such as dividing trusts into marital and survivor trusts, preparing and filing disclaimers, filing estate tax returns, filing income tax returns of the decedent, transferring property to heirs, advising about the transfer or rollover of IRAs or other retirement assets, obtaining life insurance benefits and counseling executors and trustees about how to divide personal property between various beneficiaries.
Our estate planning lawyers are recognized experts in the area and are regular presenters at seminars and classes on estate planning, charitable giving and tax planning.