Add Required Fields To Legal Oregon Living Trusts Forms For Free

You can create a simple living trust document on your own. But if you have a complex estate or need more than a simple probate-avoidance trust, it can be helpful to work with a top-ranking Portland estate planning lawyer to set up a trust to meet your specific needs.

The Oregon estate tax rate starts at 10% and can be as high as 16% of the value of the estate exceeding $1,000,000. By itself, a revocable living trust does not avoid estate taxes. However, a trust can be drafted to include tax-saving provisions.

To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.

A revocable living trust avoids the public process of probate, because you collect your assets and transfer them to the trustee before you die. The trustee then transfers your assets to your beneficiaries after your death.

Draw up the trust document: You can do this by yourself or hire an attorney to help you. Sign the trust document: This must be done in front of a notary public. Fund the trust by transferring your property into it: It's possible to do this on your own, but it can be complicated.

Living trusts in Oregon An Oregon living trust is established by the grantor. As the grantor, you determine all the terms of the trust and move your assets into control of the trust. You'll want to place as many assets as possible into the trust to maximize it.