Wills
It is usually said that “everyone should have a Will”. I also say that because -- at a minimum -- I want everyone to have a Will. Know that even if you have verbally stated to family members how you wish to distribute your property, if you die without a Will (or other properly established estate plan) the Probate Court will determine how to distribute your assets to your heirs through Oregon’s intestate succession laws.
Is a Will Enough?
The downside to a Will is after you die. This is because under a Will your estate can only be distributed through Probate Court. In probate your Will has to be proved valid, is made a public document, and anyone wishing to challenge the distributions you made can do so. Taking a Will (or if you die without a Will) through probate is expensive and takes time. A 1990 study by the AARP concluded that court and attorney fees to go through probate can deplete an uncomplicated estate by as much as 10%. Even a small estate can take six months or more before your heirs & beneficiaries receive their inheritance.
When is a Will Enough?
Wills are often the right choice as your estate planning tool, especially when combined with probate-avoidance devices. As an estate planning attorney I will help you understand the difference between a Will and a Trust, discuss your choices, and help you make the decision that is right for you and your family.
What Does a Will Cost?
A simple Will is relatively inexpensive and my Basic Will Package is $400 for an individual and $550 for a couple; this includes a basic Will, Financial Power of Attorney, and Advance Directive. I am happy to discuss other fixed pricing on more complex Wills or other needed services.
Please visit the Estate Planning & Administration FAQ page for more information.
Contact Information
Please contact my office to schedule a free initial consultation at (541) 686-2634, or by email at mstylos@stylos-law.com. I look forward to hearing from you.