{"id":37010,"date":"2022-05-10T05:18:43","date_gmt":"2022-05-10T12:18:43","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=37010"},"modified":"2022-06-10T23:06:28","modified_gmt":"2022-06-11T06:06:28","slug":"different-types-of-wills","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/different-types-of-wills\/","title":{"rendered":"What Are The Different Types Of Wills?"},"content":{"rendered":"
\n
\n
\n
\n
<\/div>\n<\/div>\n
\n
\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n
<\/div>\n<\/div>\n
\n
\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n
\n
\n
<\/div>\n
\n
\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
\n
\n

\n
Portland Wills Attorneys<\/strong><\/div>\n<\/h2>\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n
\n
\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
\n
\n

A wills attorney can help you legally prepare a will for your estate. It is a legally bound document put into effect when you die. In it, you state your intentions to distribute your assets and properties after your death. It also designates the executor of your will and your heirs and beneficiaries. If you also have minor children, a valid will allows you to appoint someone to take care of them.<\/p>\n

Wills are a relatively simple document you can use to protect your assets and plan your estate. However, having errors in its creation or modification can invalidate your will. Explicitly outlining what you want to happen in the future guarantees that your final wishes won’t be ignored.<\/p>\n

A will is only one of the estate planning tools available out there. If you’re developing an estate plan, consult with an experienced Portland wills attorney<\/a>. At Michael D. O’Brien & Associates PC, our trusted estate planning lawyers in Portland, OR, can help you draft your will. Contact our law firm today at (503) 694-4445.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n
\n
\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
\n
\n

\n
Making a will in Oregon<\/strong><\/div>\n<\/h2>\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n
\n
\n
<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n<\/div>\n
\n
\n
\n

A will, also known as a “last will and testament,” can assist you in protecting your family and assets. You may utilize a will to:<\/p>\n

    \n
  • Entrust your property to individuals or institutions<\/li>\n<\/ul>\n
      \n
    • Name a personal guardian to care for your minor children, a trusted person to manage the property you leave to minor children, and an executor, the person responsible for ensuring that your wishes are carried out.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n
      \n
      \n
      <\/div>\n<\/div>\n
      \n
      \n
      <\/div>\n
      <\/div>\n<\/div>\n<\/div>\n
      \n
      \n
      \n
      <\/div>\n<\/div>\n
      \n
      \n
      <\/div>\n
      <\/div>\n<\/div>\n<\/div>\n
      \n
      \n
      <\/div>\n
      \n
      \n
      <\/div>\n<\/div>\n
      \n
      <\/div>\n
      <\/div>\n<\/div>\n
      \n
      \n
      \n

      \n
      The Purpose of Having a Will<\/strong><\/div>\n<\/h2>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n
      \n
      \n
      <\/div>\n<\/div>\n
      \n
      <\/div>\n
      <\/div>\n<\/div>\n
      \n
      \n
      \n

      Many people think that having an estate plan and a last will and testament is only for the extremely wealthy. In reality, everyone who is 18 years old and older should have a will. You will benefit from a will if you have any type of savings, properties, investments, or dependents.<\/p>\n

      If you don’t have a will, you’ve died “intestate.” Oregon state laws and the court will determine how your properties and assets are distributed when this happens. This includes any securities, bank accounts, real estate, and any other personal property you own at death.<\/p>\n

      The laws revolving around intestate succession can vary greatly depending on whether you were single, married, or had children. Usually, your estate is divided equally between your beneficiaries, including your surviving spouse, children, parents, siblings, and other relatives. If you have no relatives, your estate will go to the state.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

      \n
      <\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n
      \n
      \n
      <\/div>\n<\/div>\n
      \n
      \n
      <\/div>\n
      <\/div>\n<\/div>\n<\/div>\n
      \n
      \n
      \n
      <\/div>\n<\/div>\n
      \n
      \n
      <\/div>\n
      <\/div>\n<\/div>\n<\/div>\n
      \n
      \n
      <\/div>\n
      \n
      \n
      <\/div>\n<\/div>\n
      \n
      <\/div>\n
      <\/div>\n<\/div>\n
      \n
      \n
      \n

      \n
      Do I Absolutely Require a Will?<\/strong><\/div>\n<\/h2>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n<\/div>\n<\/div>\n<\/div>\n
      \n
      <\/div>\n
      \n
      \n
      <\/div>\n<\/div>\n
      \n
      <\/div>\n
      <\/div>\n<\/div>\n
      \n
      \n
      \n

      \"WhatRegardless of the size of your estate, you must have a documented plan detailing what will happen to your property when you pass away. Having a will in place will provide you and your loved ones with peace of mind. It can achieve each of the following:<\/p>\n