On Behalf of Richard E. Fowlks, Attorney at Law | Aug 17, 2020 | Estate Planning
When an Oregon resident passes away, their assets are known as the “estate.” At no point does age alter this fact. Young adults might not think about estate planning, but they should, according to many financial and legal professionals. Even someone with...
On Behalf of Richard E. Fowlks, Attorney at Law | Aug 17, 2020 | Probate
The estates of those who recently passed away in Oregon go through probate soon after their death. Probate is a process supervised by the court system in which a will is authenticated before assets are released. Estates without a will are considered intestate and...
On Behalf of Richard E. Fowlks, Attorney at Law | Aug 12, 2020 | Probate
Retirement accounts in Oregon may be subject to probate if you don’t name a beneficiary to the account. It may be a good idea to name an alternate beneficiary in the event that your primary beneficiary dies or is, otherwise, unable to receive funds from a...
On Behalf of Richard E. Fowlks, Attorney at Law | Aug 12, 2020 | Estate Planning
There are several estate planning tools available to an individual in Portland who wants to get their affairs in order. The goal of planning is to minimize the amount of estate tax that surviving family members, beneficiaries and heirs will pay on their inheritance. A...