Estate Planning in Portland

Don't leave your estate to chance - make sure that you have a solid plan in place that protects your assets and your heirs. Financial Investment Team (FIT) provides estate planning services in Portland, Oregon and we will work with you one on one to see that your wishes are carried out.

What Does Estate Planning Involve?

Estate planning involves preparing for how your assets will be transferred or disposed of in the event of death. What's included in an estate plan will depend on a person's individual wishes, but some of the most common components include:

• How are your assets titled and who are the beneficiaries?

• Do you need a Trust, Will, or Power of Attorney? If so, do you have one? We refer to a number of Estate Attorneys to be sure you are covered.

• Do you need life insurance for your heirs?

• Estate Tax information

Why is Estate Planning Important?

Estate planning is important because it allows you to make decisions that determine how your property will be distributed and who it will be distributed to. In addition, if minor children are involved, it's essential that there's a plan in place for who will be responsible for taking care of them in the event of death. While no one likes to think about the unexpected, having a solid estate plan in place will provide clear and concise directions on what your wishes are.

When to Start Thinking About Estate Planning

It's never too early to start thinking about estate planning. You don't need to have a certain amount of assets or a certain level of wealth to start the estate planning process. Remember - assets and situations often change over time and it is good practice to regularly update your estate once a plan has been put in place.

For more information on estate planning services provided by Financial Investment Team, contact us today.