Prepare Legal Oregon Estate Planning Forms For Free

In summary, estate planning is important because it allows you to have control over the distribution of your assets after your death, minimise taxes and other expenses, protect your assets, ensure that your loved ones are provided for and make arrangements for long term care and incapacity.

5 Steps to Organize Estate Documents for Your Executor 5 Steps to Organize. ... Step 1: Create a checklist of important documents (and their locations) ... Step 2: List the names and contact information of key associates. ... Step 3: Catalog your digital asset inventory. ... Step 4: Ensure all documents are organized and accessible.

Although Oregon does not require a will to be notarized, the state allows you to make your will ?self-proving,? which does require a notary. A self-proving will speeds up probate because the court can accept the will without contacting the witnesses who signed it.

At a bare minimum, there should be two main components: a last will and testament and a durable power of attorney. In addition to these parts, you can add things such as a trust and even medical directions. These are the main components of an estate plan that you should consider, including in your comprehensive plan.

Common estate planning documents are wills, trusts, powers of attorney, and living wills. Everyone can benefit from having a will, no matter how small their estate or simple their wishes. Online estate planning services offer basic packages for less than $200.

The 4 legal documents every adult should have A will. Also known as: a last will and testament. ... A living will. Also known as: an advance directive. ... Durable health care power of attorney. It appoints: a health care proxy. ... Durable financial power of attorney. It appoints: an attorney-in-fact or agent.