Trusts

Mountain Image

Trusts

A revocable living trust is the core of a comprehensive estate plan. A complete estate plan includes the following:

  • A Will, or Trust with a Pour-over Will, directing what happens to your worldly goods after you die and possibly creating ongoing trusts for your beneficiaries.
  • A Durable Power of Attorney to allow your agent to care for your finances during any period of incapacity;
  • A HIPAA Release to allow your loved ones to get information about your physical and medical condition during any period of incapacity;
  • An Advance Health Care Directive naming a medical decision-maker for you and outlining your preferences regarding end-of-life care;
  • An Advance Directive Addendum/Health Care Power of Attorney expanding the authority of your medical decision-maker to include, hospice or long-term care and disposition of remains; and
  • Potential Additions – Guardianship for minor children, Organ Donor Forms, Memorial Instructions, Tax Planning to reduce or eliminate Oregon estate tax, and Charitable Giving.
  • Secure online storage of your documents, and 24/7 access to your health care documents. Click here for a short video about the benefits of storing your documents online with Docubank.

We can help you avoid ALL probate costs and minimize or eliminate estate taxes through trust-based planning.

Your individualized estate plan may also include: business planning; supplemental/special needs trusts, pet trusts, stand-alone retirement trusts, gun trusts, irrevocable life insurance trust, asset protection trusts, charitable remainder trusts.

Mountain Image

Stand-Alone Retirement Trust

Naming the right beneficiary on your IRA is critical. Many people want to continue the tax-deferred growth for as long as possible, paying the least amount in income taxes. This is called “stretching out” the account.

Naming a Stand-Alone Retirement trust as beneficiary will give you more control over, and protection for, these tax-deferred accounts.

Mountain Image

Trusts For Minors, Life Insurance, & Disabled Persons

Trusts can be used to accomplish a myriad of planning goals. Specialized trusts can protect assets for minors or incapacitated persons and provide custom provisions encouraging higher education or protecting eligibility for public benefits. Trusts such as Irrevocable Life Insurance Trusts, Stand-Alone Retirement Trusts and Credit Shelter Trusts can also be used for asset protection or tax savings.

Mountain Image

Pet Trusts

Mountain Image

Asset Protection Trusts

Mountain Image

Our Fees

We find that clients appreciate the freedom a flat fee structure gives us to communicate as much as needed to get the work done properly without worrying about traditional hourly billing. It also allows us to customize without incurring additional costs. A Will-based plan is $800-$1,500 for an individual and $1,000-$2,000 for a married couple. A Trust-based plan is $1,800-$3,500 for an individual and $3000-$4,500 for a married couple. If your plan includes asset protection, tax planning, specialized life insurance trusts or IRA trusts, your fees will be adjusted accordingly. You can read more about fees in our handout.