Wills, then Probate….
If you are facing the decision of creating or revising a will, or are currently head on with the Probate Process; Attorney Daniel C. Lorenz is ready to talk. You do not have to go it alone.
Meeting with attorney Daniel C. Lorenz is an excellent way to gain valuable information, a sense of greater stability and the confidence to make sound decisions. Our clients find Mr. Lorenz easy to talk with, and he has more than 25 years of experience in delivering cost-effective results.
Call Daniel C. Lorenz today to discuss your specific situation in an initial consultation. The Law Office of Daniel C. Lorenz serves clients throughout Oregon and SW Washington Call (503) 222-1161.
What is a will?
A will is a legal document which proactively states your wishes regarding the distribution of you property and the future care of any minor children after you die. If you don’t have a will, your wishes may not be carried out. In addition your final wishes, your heirs may spend money, time, and unnecessary emotional energy to settle your affairs when you are gone.
Have you made your wishes known?
There are many important reasons to establish a valid will. Take some time to discuss your needs with an experienced lawyer today.
Why should I have a will?
There are many reasons to have a will. Wills aren’t only for the wealthy or those with complex assets and finances. A will makes it clear about who gets your assets, who gets what and how much. It also keeps assets out of the hands of people you don’t want to have them.
If you have a will, your heirs will have faster and easier access to your assets because the state and the courts won’t be deciding who gets what and how much. You can identify who will take care of your children, or your adult children may take better care of your grandchildren.
You can also save money on your estate taxes, along with giving gifts and charitable donations, which can offset the estate tax. Call today, for even more benefits for having a wills attorney draft your will for you today!
Drafting or Changing a will – Ensure you have all the Essential Documents
We handle those matters with which we have deep, solid experience. You can trust us for a referral if you have specialized estate planning needs such as the development of a trust. Well within our range of knowledge and experience are matters such as:
- Executing sensible, necessary changes to your will after a divorce or another change in your family makeup
- Reviewing or re-drafting your will to help ensure your wishes are carried out in the event of your death
- Drafting other essential documents such as a power of attorney, designating the person you want to make decisions about your property after your death
We have helped many families and individuals throughout Portland and the surrounding areas with drafting and revising wills and other basic estate planning documents
Probate Attorney – Comprehensive planning and guidance.
What is Probate?
Probate is the comprehensive process of administering a dead person’s estate. Organizing their money, assets and possessions and distributing them as inheritance, after paying any taxes and debts.
If the deceased has left a Will, it will name someone, the executor, that they’ve chosen to administer their estate. If the deceased didn’t leave a will, then the state will appoint a representative to administer the estate.
Do I need a Probate Attorney?
Many people who have the time, and basic understanding of the probate process, will apply for probate without using a Probate Attorney. However, you should be aware that applying for the probate and dealing with an estate carries legal obligations. You can incur personal liability if you get it wrong. In addition, many find the probate process stressful and frustrating at a time of emotional distress.
It is recommended that you hire a Probate Attorney in situations that include:
If the estate was insolvent, or, if the value of all the assets is less than the liabilities.
A Will that names a charity or charities as beneficiaries.
When the estate may be liable for Inheritance Tax
If the deceased person left no known Will.
If there are concerns over the validity of the Will.
If the Will has been, or is likely to be, contested. Usually when dependents of the deceased person have not been mentioned in the will.
If the Will mentions, “Trusts” or is complex.
Where the deceased person had a foreign property or assets.