What a Will Can Accomplish — and What It Cannot

A properly drafted will primarily accomplishes two very important things:

• It allows you to name who you want in charge of your estate after you die.

• It allows you to specify who you want to receive money, property and other assets you leave behind.

In comparison to some other states, Oregon has a fairly complex, intensive and sometimes costly probate process. Probate is necessary for transferring title of the decedent’s property and settling debts with creditors. Recognizing this may add incentive to take the estate planning steps necessary to avoid or minimize probate, such as setting up a revocable living trust or other type of trust.

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