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Savvy Estate Planning for Business Owners in Oregon

Is business succession planning a concern for you? Do you wonder what will happen to all your hard work once you pass away?

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How Marriage May Impact Your Estate Plan

Last week I wrote about divorce and how that impacts your Will and your overall estate plan, so it is only fitting that I write this week about how marriage affects your Will and your estate plan. Under Oregon statutes, if you have an existing Will, and then get married, and you are then survived by your (new) spouse, then your Will is automatically revoked by statute (with two exceptions).

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Understanding the Impact of Divorce on Your Estate Plan

Divorce is a tough situation to go through. This is a time in your life when you need to reconsider what might happen if you were ever incapacitated or passed away, and establish a comprehensive estate plan that will carry out your wishes and will name those you trust to make decisions for you.

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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.

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Assessing Your Options in View of Escalating Health Care Costs

Almost everyone in their fifties and many people earlier in their lives think about planning for nursing home care or treatment of a serious illness. Whether you have received a diagnosis of Alzheimer's or early dementia, believe you are genetically susceptible to any such condition, or simply want to be prudent and proactive, we are well prepared to help you with long-term care decisions and Medicaid planning.

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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.

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Portland Lawyer Experienced with Special Needs Trusts

At The Hingson Law Firm PC, we work with many northern Oregon families that have a need to provide for the future of an adult or child with special needs. Attorney Phil Hingson has extensive knowledge of various types of trusts, and he is ready and willing to help you identify, develop, and execute a comprehensive estate plan that accounts for this need.

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