Using a trust can help your beneficiaries avoid probate and some of the taxes they would face if those assets were placed in a simple will. For this reason, individuals with certain assets are often advised to establish a trust rather than a will. It is possible to draw up a will for certain items, and a trust for others.
Our Hillsboro estate planning attorneys are experienced and well-versed in the Oregon state laws governing trusts and wills. Give your descendants an easy transfer of assets by partnering with Nachtigal, Eisenstein & Associates.
If you wish to have a trust established during your lifetime, our team can review your options for a living trust. Living trusts are an excellent option for those who wish to avoid probate. Your heirs gain access to their inheritance faster and will not have to deal with the added grief of court.
You have the option for two different types of living trusts:
A testamentary trust is outlined within the will and does not go into effect until you pass. The testamentary trust still has to go through probate and is often recommended for individuals with small estates.
If you do not have a large estate, a trust may not be the best option for you. Individuals with net worth that is less than $100,000 may be advised to create a will rather than establishing a trust. A variety of trusts are available to cater to your estate needs. Know the appropriate type of trust to establish with our help. With more than 65 years of combined experience, you can rest assured knowing that our firm is prepared to handle even the most complex estate planning cases.
Call our Hillsboro estate planning lawyers today at (503) 741-2444 to schedule a consultation.