The Will


A will outlines what will happen to your property after you pass away.  You nominate a personal representative, sometimes referred to as an executor, to carry out your wishes.  A will does not avoid probate but there are some distinct advantages to drafting a will. 

 

First, a will allows you to nominate who will act on your behalf.  This person, known as a personal representative, will be responsible for filing court papers (usually accomplished through an attorney), paying off final bills, and ultimately distributing the funds to your intended beneficiaries. 

 

Second, a will allows you to direct your assets to the beneficiaries you want and in the method you desire.  For example, you can disinherit an heir, create a trust for an heir who may not be able to manage finances for themselves, give to charities or people who are not natural heirs. 

Third, a will generally makes probate less expensive because you can opt to waive bond so long as your personal representative is trustworthy.

 

For more information about a will or estate planning, please call NW Estate Law at (503) 445-2232 or email lorrie@nwestaetlaw.com to schedule a meeting with attorney Meredith Williamson.

NW Estate Law, LLC

12670 NW Barnes Road, Suite 102

Portland, OR 97229

(503) 445-2232

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