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Does Your Estate Plan Reflect Your Values?

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					Does Your Estate Plan Reflect Your Values?


Estate planning can not only distribute your property and ease the burden of your
passing on your loved ones, but you can pass along your value system to your
beneficiaries as well. How? Not only can you leave a legacy of your actions,
since those certainly speak louder than words, but you can incorporate those values
in your estate plan itself.

Estate planning can not only distribute your property and ease the burden of your
passing on your loved ones, but you can pass along your value system to your
beneficiaries as well. How? Not only can you leave a legacy of your actions,
since those certainly speak louder than words, but you can incorporate those values
into your estate plan itself.

There are methods which you can use within your estate plan to pass on your
values. Many of those methods involve creating a trust, which allows you more
flexibility and planning options. Not only does a trust allow property to avoid
probate, but it allows you to set conditions on how, when and why the proceeds of
the trust are distributed to the beneficiaries named in the trust documents. This can
be particularly useful when you are dealing with young adults, who may not have
the experience or maturity to handle large sums of money.

Some examples of trusts that can pass along your wishes to your beneficiaries:

    If your dream is to have your child own their own business, a portion of a
       trust could be earmarked specifically for that purpose.

    If you would like your grandchild to graduate from college, a portion of a
       trust may be set aside for college expenses, with the remainder to be paid
       upon graduation.
    If you would like to have a younger family member become a homeowner,
      you may earmark funds for a down payment.

The estate planning method in which you distribute your property can become your
legacy and it need not be simply be about property distribution and who gets what.
With the help of an estate planning attorney, you can leave a more meaningful
legacy than money; you can leave your values to be passed down to future
generations.

Experienced estate planning attorneys Portland OR of the Law Offices of Richard
B. Schneider LLC offers estate planning and business planning resources to
residents of Portland OR. To learn more about these free resources, please visit
www.rbsllc.com today.

				
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Description: Estate planning can not only distribute your property and ease the burden of your passing on your loved ones, but you can pass along your value system to your beneficiaries as well