Estate Planning Eugene & Lane County, Oregon
Estate planning is important for any individual or family, regardless a person’s wealth. When I meet with clients for an estate planning consultation we review your current assets and the nature of those assets; plan for how best to transfer those assets to your loved ones; and identify individuals that can help administer your estate, including identifying guardians for minor children. Then, together we will develop a plan that suits your circumstances and budget.
Estate Planning Tools Include:
- Wills: A Will is a traditional legal tool for bequeathing your assets and providing instructions for administration of your property.
- Trust for Minors: If you have minor children, planning for how your assets should be distributed to your children can be just as important as appointing a guardian to care for your children.
- Living Trust: A revocable living trust is a popular estate planning tool that, if set up properly, can simplify estate administration and help to avoid the necessity of probate and court involvement.
- Taxable Estate Planning: Depending on the value and location of assets, state and federal estate taxes may apply to your assets upon your passing. There are many estate planning tools that can be used to help ensure your estate takes advantage of state and federal estate tax credits. I will also work with your CPA or one of my trusted financial experts to help identify other tax planning tools to limit unnecessary estate taxes.
- Power of Attorney: A power of attorney provides for someone to handle your financial affairs in the event you are unable to during your lifetime.
- Advance Medical Directive: An advance medical directive is a form created by Oregon statute that allows individuals to appoint a health care representative and provide end-of-life medical instruction.
These are only some of the tools available. I am dedicated to ensuring that my clients understand all of their options, and I work with my clients to create documents that accurately reflect their individual wishes. Complete estate plans differ according to individual needs, but they may include Wills, trusts, a power of attorney, and an advanced health care directive.
Steps to Estate Planning with Kirk Strohman:
- Step 1: Contact my office to receive a complimentary planning questionnaire and schedule your free initial consultation.
- Step 2: Fill out the questionnaire as best you can and bring it with you during our free initial consultation.
- Step 3: During the consultation, I will get to know you and your specific circumstances and provide you with an overview of your estate planning options. At the end of the meeting, you will receive a quote for the total cost of your estate planning project.
- Step 4: We will send you an engagement letter detailing the project and pricing. Sign and return the engagement letter, and I will begin work on your estate plan.
Contact me today to request the complimentary questionnaire and schedule a free initial consultation. We will discuss what happens to your estate if you do not have a Will, explain all of your options, and create an estate plan tailored to your needs.