Tailoring Your Estate Plan To Your Needs
Everyone has their own reasons to create an estate plan. Perhaps you are a young family who wants a plan in place should something happen to you and your spouse. Maybe you want as much of your estate as possible to bypass the probate process. You may be concerned about business succession planning, the impact of the estate tax, or for your estate to achieve charitable goals.
Whatever your station in life, a knowledgeable estate planning lawyer will be instrumental in helping you accomplish your objectives. At Famulary. Masterful Attorneys, we develop comprehensive estate planning strategies for clients in Beaverton, Salem, in the Portland area and across Oregon. Our law firm is a strong resource for families who need both complex and simple estate planning strategies.
Preparing The Full Range Of Estate Planning Documents
Depending on your situation, you may require a relatively simple estate plan. In these situations, we may create a will or a revocable living trust and pour-over will to pass on your assets to your loved ones. We can also create documents such as a durable power of attorney and a living will or advance directive to aid your loved ones in the event you become incapacitated.
For clients with substantial assets, there are a number of estate planning instruments that can accomplish their goals such as:
- Irrevocable trusts
- Irrevocable life insurance trusts (ILIT)
- Spousal lifetime access trusts (SLAT)
- Grantor retained annuity trusts (GRAT)
- Charitable remainder trusts (CRT)
- Crummey trusts
Each of these and other estate planning instruments are particularly complex, requiring the assistance of a skilled attorney. When you work with our law firm, you will work directly with our attorney, Adam Famulary. Adam will ask many questions about your family, your assets and your goals in order to get started on creating an estate plan that is customized to your needs.