The IRS recently announced annual inflation adjustments for the 2022 tax year on several tax provisions. Some of the affected provisions include: the estate tax unified credit, annual gift exclusion, standard deduction amounts, and personal income tax rates. Below is a summary of the inflation…
Last month Governor Brown signed SB 182, which addresses certain spousal rights as they pertain to estate planning. Of note, the bill addresses the impact of divorce on a spouse’s agency under a power of attorney and extends liability protection for property held as tenants…
What is Probate? Probate is a legal process that is sometimes necessary in order to transfer assets that a deceased individual owned at their death to another person. Technically, the term “probate” is specific to instances where the decedent left behind a will. However, it…
Last week, the Oregon legislature passed HB 4212A, which in part legalizes Remote Online Notarization (RON) through July 2021. The bill contains several other emergency protocols in response to the COVID-19 pandemic. Before the passage of HB 4212A, a notary was required to be physically…
As counties across the state begin to reopen, our practices and procedures will evolve to accommodate the various phases of reopening, while keeping our employee and client safety as a top priority. We appreciate your patience as we adapt to the challenges presented by COVID-19…
For a limited time, Southwest Portland Law Group is offering expedited estate plans for healthcare workers to show our appreciation for their heroic efforts during the COVID-19 pandemic. Expedited Estate Planning If you are a healthcare worker, we will prioritize drafting your estate plan and…
Earlier today, Governor Brown issued executive order 20-12 entitled “Stay Home, Save Lives,” in an effort to slow the rapid spread of COVID-19. The order took effect immediately after signing, and remains in effect until terminated by the governor. The order directs individuals to remain…
On December 20, 2019, the Setting Every Community Up For Retirement Enhancement (SECURE) Act was signed into law. The law became effective on January 1, 2020 and created sweeping changes to the landscape of retirement and estate planning. Pre-SECURE Act Rules for Beneficiaries Before…
A trust is an estate planning tool that is primarily used for individuals who wish to avoid probate and streamline the administration of their estate. Trust administration is informal, meaning that ordinarily there will be no court involvement. If properly funded, a Trust can save…
Southwest Portland Law Group is moving to a new office in order to better accommodate our growing practice! The new office is fully ADA compliant, providing greater accessibility for our clients with a single-story layout and a larger parking area. Our firm started with just…
