Today’s episode discusses the financial durable power of attorney, which is crucial in the management of your financial affairs if you're incapacitated. It is critical to guarantee that financial institutions honor this document, since their internal procedures may impede its acceptance at the time it is needed most. What You Will Learn What is a F…

In this episode, Tammi sits down with real estate expert Mark Charlesworth to delve into the intricacies of the probate process and selling property under probate. They explore key aspects to watch for, including how to avoid predatory tactics, and emphasize the critical role of professional guidance during this challenging time. Connect with Mark …

In this episode, host Tammi Caress emphasizes the crucial importance of properly signing a Last Will and Testament to ensure its validity. She shares some jaw-dropping tales of what happens when wills aren't signed correctly—think unexpected heirs and family drama. Tammi’s advice? Get a pro, follow the rules, and keep the peace (and your wishes) in…

Is your spouse entitled to a certain share of your estate? In this episode Tammi Caress discusses Oregon’s Elective share, the amount a spouse is entitled to receive, and how planning ahead can save time and expense for your loved ones. Connect with Tammi Caress https://caresslaw.estate/ https://www.linkedin.com/in/caresslaw/…

How would you feel if you had no control over who inherited from you? This is precisely what happens when a person passes away without a will: they give up their freedom to choose who their beneficiaries are and how they inherit. In this episode we discuss what it means to die intestate (without a Will) and the impact it has on those you leave behi…

Joining host Tammi Caress in this episode of Navigating Estate Planning with Caress Law is Lori Eckel, a certified clinical social worker who focuses on palliative care, hospice, and serious illness. Tammi and Lori discuss the significance of living wills and advanced directives, emphasizing the part they play in a person's priorities and values, a…

In this episode of "Navigating Estate Planning with Caress Law," host Tammi Caress dives into the often-overlooked yet crucial topic of including pets in your estate plan. With her beloved golden retriever by her side, Tammi emphasizes the emotional bond we share with our furry companions and offers actionable steps to ensure their care even after …

Tammi Caress is the founder of Caress Law, PC, a boutique estate planning, probate, and trust administration firm servicing clients in the States of Oregon and Washington. In today’s episode, Tammi shares advanced estate planning strategies to minimize estate taxation and pass more wealth to your loved ones. Key Points: Overview of estate and gift …

Tammi Caress is the founder of Caress Law, PC, a boutique estate planning, probate, and trust administration firm servicing clients in the States of Oregon and Washington. In Today’s episode Tammi Caress shares with you the importance of transparency with your estate planning attorney. Key Points: Transparency with Your Estate Planning Attorney Und…

In this podcast episode, Tammi Caress, founder of Caress Law, delves into the power of disclaimers in estate planning to minimize estate taxes and maximize inheritance. Through clear explanations and illustrative examples, listeners gain insights into how disclaimers can strategically shape one's legacy. Tammi emphasizes the importance of timely ac…

Understanding your estate is crucial for securing your legacy and protecting your loved ones' futures. Join us in this episode as we demystify the term 'estate' and explore its profound impact on your estate plan. Understanding the Estate An estate comprises all your assets, regardless of their value, including: Real property (e.g., homes, land) Ca…

In this episode, we explore the intricacies of estate planning and highlight seven common mistakes individuals often make when crafting their estate plans. From procrastination to neglecting digital assets, our discussion aims to empower listeners with the knowledge to navigate these pitfalls and secure their legacy. In this episode you will learn …

Does a Will avoid probate? Will the state take my assets if I die without a Will? Should I name my eldest child executor of my estate? These questions are answered in this episode while we bust the common myths of estate planning. Subscribe to the podcast and listen to past episodes where we dive deeper into some of the myths and topics covered in …

Do you need a Pour Over Will? The answer may surprise you. In this mini episode, we go over the Pour Over Will and when it is needed in your estate plan. Links and Resources Mentioned Should I Have a Will or a Trust? https://caresslaw.estate/episode-1-should-i-have-a-will-or-a-trust What is Probate, and Can it be Avoided? https://caresslaw.estate/e…

Creating your Revocable Trust is the first step to protecting you and your family; however, not all assets can or should be owned by your revocable trust. This episode address how to pass those assets to your loved ones while still avoiding the probate process. Links and Resources Mentioned https://caresslaw.estate/podcast/i-created-a-revocable-tru…

Creating your Revocable Trust is the first step to protecting you and your family; however, in order to have the benefits the Revocable Trust offers, the trust creator (Trustor, Grantor, Settler) has the homework of titling their assets in the name of the newly created trust. This episode will walk you through that process and once finished, show y…

Cost basis is not a glamorous topic, but it affects everyone. What is cost basis and how do you calculate cost basis? This episode will teach you what cost basis is and how it affects you and your loved ones during your life and upon death. Links and Resources Mentioned https://www.forbes.com/sites/baldwin/2011/03/25/how-to-calculate-a-cost-basis-f…

Most people hear about the federal estate tax, but what about Oregon's estate tax? In this episode, we review the Oregon estate tax, help you determine if your estate will be subject to this tax, and offer a few planning opportunities you can do now to minimize the estate tax burden. Links to Form OR-706 https://www.oregon.gov/dor/forms/FormsPubs/f…

The only thing more important than having fiduciaries in place in the event of incapacity or death, is who you choose to represent you and your family when the time comes. In this episode, you will learn what a fiduciary is and how to choose the right person to carry out your wishes. Links and Resources Mentioned Blog: https://caresslaw.estate/powe…

While most of us have heard of “trusts,” few understand the differences between the various types of trusts, specifically revocable and irrevocable trusts. When it comes to estate planning, these two types of trusts are discussed most often. Learn about the differences between these types of trusts—and when (and how) they should be used. Links and …

Estate Planning is not just about planning for your death. Just as important are documents that allow someone to help if you become incapacitated. Learn about the most important documents every young adult should have in place. Links and Resources Blog: Advance Directives, Power of Attorney & Other Estate Planning Documents Your College Student Nee…

Many people make a will and think they have ensured their loved ones will inherit their assets at death. In this episode, we will go over title of assets and the effect it has on how assets pass at death. You will be surprised at the results! Connect with Tammi Caress https://caresslaw.estate/ https://www.linkedin.com/in/caresslaw/…

You may have heard of probate, but do you know what it is? Many people do not understand the probate process when it is required at death and if your estate will be subject to it. In this episode, we break down the probate process, when probate is required at death, and the documents that go through probate or will avoid probate at death. Connect w…

Have you been told you need a trust but don't understand why or what a trust is? Do you think a Will avoids probate? This episode breaks down the differences between a Will and a Trust and why you may need one, or both, and discusses the effect each has on you and your loved ones Links and Resources Mentioned Estate Planning Primer: https://caressl…

Welcome to Navigating Estate Planning with Caress Law. Meet your guide Tammi Caress. Connect with Tammi Caress https://caresslaw.estate/ https://www.linkedin.com/in/caresslaw/By Tammi Caress