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Get the free Estate Planning Fundamentals and Lab - Multnomah Bar Association - mbabar

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Thursday, June 16, 2011 2 5:30 p.m. Registration begins at 1:30 p.m. Tells Irish Pub 112 SW 2nd Ave. Portland, Oregon 97204 Brought to you by the MBA Young Lawyers Section and the Oregon New Lawyers
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How to fill out estate planning fundamentals and:

01
Start by gathering all necessary documents such as your will, power of attorney, and any trust documents. It is important to have a clear understanding of your assets, debts, and beneficiaries.
02
Evaluate your financial situation and determine your goals for estate planning. This includes deciding how you want your assets to be distributed, who will be responsible for managing your estate, and any specific wishes you may have regarding healthcare decisions.
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Consult with an estate planning attorney who specializes in this area of law. They will guide you through the process and help ensure that your wishes are properly documented and legally binding.
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Review and update your estate plan regularly. Life circumstances change, such as marriages, divorces, births, or deaths, which may require adjustments to your estate planning documents.

Who needs estate planning fundamentals and:

01
Individuals with assets, regardless of the amount, should consider estate planning. Whether you have a substantial estate or modest possessions, estate planning ensures that your assets are distributed according to your wishes.
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Parents who have minor children should also prioritize estate planning. This includes designating a guardian for their children in the event of their untimely death and establishing trusts to manage their children's inheritance until they reach a certain age.
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Business owners and entrepreneurs should also consider estate planning to protect their business interests and ensure a smooth transition of ownership in case of disability or death.
In summary, anyone who wants to have control over the distribution of their assets, protect their loved ones, and plan for the future should consider estate planning fundamentals. It is a crucial step in securing your legacy and ensuring your wishes are carried out.
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Estate planning fundamentals includes creating legal documents to manage your assets and decide how they will be distributed upon your death.
Anyone who owns assets and wishes to have control over how they are distributed after their death is required to file estate planning fundamentals.
To fill out estate planning fundamentals, you will need to consult with an attorney who specializes in estate planning to draft legal documents such as wills, trusts, and powers of attorney.
The purpose of estate planning fundamentals is to ensure that your assets are distributed according to your wishes and to minimize estate taxes and legal fees.
Information such as your assets, beneficiaries, and legal guardians for minor children must be reported on estate planning fundamentals.
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