 |
|
You, not the IRS or the courts, are entitled to exercise as much control over your estate as possible. We help you take charge.
We can help you with the following concerns and more:
1. How do I avoid the cost and hassles of probate?
2. How do I plan for incapacity?
3. How do I arrange to manage my health care decisions?
4. How do I address concerns about distributions to my children?
You owe it to yourself and your family to stop wondering and start planning. We'll make it simple to secure a future for your loved ones.
Representative Cases
1.
An elderly couple presented us with a copy of their living trust. They thought their financial affairs were in order so that they would avoid a costly and lengthy court probate. But we discovered that some of their assets, in the form of notes receivables, were not placed into the trust. So we corrected the problem. Because they had well over $1,000,000 in assets, we advised them to make lifetime gifts, and they did, which saved them from paying up to 55% in death taxes.
We also amended their trust to include provisions for in-home care, and made their wishes clear that if they become incapacitated, they were to be cared for in their own homes, not a nursing home, to the maximum extent medically possible. To avoid having an unscrupulous relative try to get them declared incapacitated in order to take over their assets, we made it clear that not one but two family doctors had to declare that they were incapacitated before they would lose control of the trust assets.
2.
A widow came into our office and presented us with her will. She was concerned about her son, who was likely to be irresponsible with any proceeds and would probably spend the inheritance foolishly. After we consulted with her, we drafted a trust that put the proceeds into a responsible trustee, who would not distribute money to the son unless he entered college and progressed with his studies.
We also discussed an advance directive, otherwise known as a "living will." It provides instructions to physicians on the type of medical care, food, water, etc. to administer to you in case you are in certain dire medical conditions, including extreme pain and suffering, coma, and advanced progressive illness. She also appointed her health care representative. We walked her through it, and when it was done, signed and witnessed, we told her we would keep it in our safe, in confidence. She felt reassured and relieved to have her matters in order.
home | expertise | people | location | contact us | about the law
Attorneys at Law in Bend, Oregon
Site development & management by WadaWorks, Bend OR
|
|
|
|
