Personal Service Leading to Confident Decisions and Solid Plans

There are many scenarios that may lead you to want to provide whatever you are able for someone in your family without leaving them your inheritance outright. If someone in your family is receiving government benefits you do not want them to lose — due to an illness or disability that prevents that person from working, for example — we can help.

Improving A Loved One’s Quality of Life While Protecting Need-Based Benefits

A special needs trust — sometimes called a supplemental needs trust — is most often set up to provide money over an extended period to a family member with a disability. It may provide income to the person in need on an established schedule, allowing the heir to have a higher quality of life while protecting his or her right and ability to receive government benefits such as Supplemental Security Income (SSI), Medicaid or certain veteran’s benefits.

Applying personal attention and careful analysis to each situation, we provide comprehensive estate planning to match your unique goals. Depending on circumstances, your plan may include:

• Establishment of an irrevocable special needs trust that allows members of your extended family to contribute over time

• Specific language written into a will or other type of trust that helps maximize someone’s total income and assets if you become incapacitated or pass away

• Other forms of long term care planning for other family members as well as yourself

 

You Need an Estate Planning Attorney Who Stays Current on the Law

It would be hard to overstate how much potential legal changes could impact your estate in the next few years. Your overall estate planning needs can change dramatically, and our firm is here to help you adjust. As it stands today we have strengths in:

• Building in flexibility through the language we include in your will and trust

• Counseling you on your choice of a financial power of attorney you trust

• Accounting diligently for complexities including your family business and succession plan

• Guiding you through decisions on long term care and Medicaid planning

• Making certain that, if you become incapacitated, your wishes are documented in a legally sound fashion that will hold up in court

 

At both the Oregon state and federal levels, estate and inheritance tax laws are ever-evolving. Currently, you need to be concerned with tax planning if your estate approaches or surpasses one million dollars in value, but that could change in the next legislative session. Federal estate tax laws are even more subject to change than state laws. Legislation from two and three years ago can be a source of problems today unless your estate plan considers these revisions of law.

If you have any questions or concerns about taxation and your estate, please contact us today. At The Hingson Law Firm, PC in Portland, we engage in solid, accomplished tax planning work for those who need it. Attorney Phil Hingson leverages his many years of experience and immersion in current tax law to sort out what is right for you and your family.

 

Business Succession Planning May Be a Critical Component in Your Estate Plan

If you have put your heart, soul and sweat into building a family business, our firm is an outstanding resource for you as you determine the next steps. Mr. Hingson will be understanding of your personal considerations and offer you insightful counsel for constructing your will, trust, and other estate planning documents in a manner that ensures your wishes prevail.

Not every lawyer who advertises estate planning services has a background that equips him or her well to deal with business succession planning. From our initial discussion — in which Phil will discuss your business succession planning goals in terms of overall estate planning, administration, and the future of your business — to finalizing the paperwork and plans, you will know that we have your best interests at heart.

You Need an Estate Planning Attorney Who Stays Current on the Law

It would be hard to overstate how much potential legal changes could impact your estate in the next few years. Your overall estate planning needs could change dramatically, and our firm will be here to help you adjust. As it stands today we have strengths in:

• Building in flexibility through the language we include in your will and trust

• Counseling you on your choice of a financial power of attorney you trust

• Accounting diligently for complexities including your family business and succession plan

• Guiding you through decisions on long term care and Medicaid planning

• Making certain that, if you become incapacitated, your wishes are documented in a legally sound fashion that will hold up in court

Estate Law and Tax Planning Lawyer in Portland, Oregon

At both the Oregon state and federal level, estate and inheritance tax laws are ever-evolving. Currently, you need to be concerned with tax planning if your estate approaches or surpasses one million dollars in value, but that could change in the next legislative session. Federal estate tax laws are even more subject to change than state laws: the potential inheritance tax on your estate is utterly dependent on how laws change — or stay the same — in 2010 and 2011.

If you have any questions or doubts about taxation and your estate, please contact us today. At The Hingson Law Firm PC in Portland, we engage in solid, accomplished tax planning work for those who need it. Attorney Phil Hingson leverages his many years of experience and immersion in current tax law to sort out what is right for you and your family.

Real-World, Practical Counsel on Powers of Attorney

Attorney Phil Hingson is the lawyer for you if you have any concerns about powers of attorney and related matters. In every situation, Phil emphasizes that:

• Your general durable financial power of attorney is a critical document, giving someone you trust not only the power to pay your bills, but also to deal with your assets as they see fit

• Your advance directive — referred to in the past as a living will or medical power of attorney — is as personal and consequential as estate planning documents get, determining who makes decisions for you about life support and other critical matters

It would be hard to overemphasize the importance of working with a lawyer you trust on these critical documents. Poorly drafted Powers of Attorney (POAs) may be challenged or unaccepted, out of hand, by banks or title companies. We encourage you to contact us to secure maximum protection of your assets, your well-being, and your peace of mind.

A Portland Estate Lawyer Who Will Make Sure You’re Covered

There are some key questions to consider when thinking about your estate:

  • What do you need now, in view of current law and requirements?
  • How do you make sure what happens after your death or incapacity isn’t the source of controversy for people you care about?
  • What is the best way for you to make sure your heirs receive as much as possible, while avoiding probate costs, excessive estate taxes, and the time required to get through those processes?

Call Phil Hingson today to set up an estate plan or review your existing plan. You can have confidence in his ability to guard and value your personal interests, and you can feel secure that your estate plan wishes are covered.

Prompt, Dedicated Attention, Whatever the Size or Makeup of the Estate

Phil Hingson has the knowledge and experience to help you navigate the trust administration process, no matter how complex the issues. He works side by side with accountants and other experts as needed, so you can be sure your unique situation is thoroughly addressed.

Our Portland, Oregon, legal team handles probate and trust administration matters for people from the St. Helens-Hillsboro area to Gresham and Lake Oswego, and southward to Canby and Woodburn. We deal with both taxable and non-taxable estates by seeking the most sound and cost-effective solutions.

Your legal options may depend on how soon you seek qualified legal counsel. If you have questions about estate planning or what must be done after the tragic loss or incapacitation of a loved one, please contact us.