Last Will and Testament
More than 40 Years of Will Preparation and Estate Planning for clients in Yamhill County, Washington County, Clackamas County, Marion County, and Polk County, State of Oregon.
Larry K. Gray & Associates, P.C. will strive to achieve the best outcome for every client through reasoned, logical, informed, effective advocacy.
At Larry K. Gray & Associates, P.C., the emphasis and focus are to provide sound advice, top quality document preparation, and/or reasoned advocacy for our client. We strive to provide professional, timely, and cost-effective results to meet the client’s legal concerns. Our proficiency, effectiveness, and integrity have earned us a reputation as one of Yamhill County’s premier lawyers.
Larry K. Gray & Associates, PC
"An Estate Planning Lawyer"
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404 East First Street
Newberg, Oregon 97132
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At times, you may find yourself in situations or with problems that you cannot resolve on your own. Our legal counseling is designed to assist you and your family with courtesy and respect in such difficult periods. Knowledgeable advice acquired from decades of legal experience can help you formulate a course of action to free yourself from a complex legal maze. We do not represent banks, insurance companies, governmental agencies, or large corporations; our clients are individuals and families seeking help with legal problems they encounter in this increasingly complex world.
Larry K Gray & Associates, P.C. can answer your questions about the pros and cons of using a Last Will and Testament, Trust, and/or other methods in your Estate Plan. We can help you choose the Estate Plan best suited to your situation - a cost-effective simple Will or a Revocable Living Trust.
A simple Last Will and Testament can be appropriate for many individuals, but your life may involve issues which need more planning than a simple Last Will and Testament. Some of these issues are:
1. Your Estate will be subject to Federal and/or State estate taxes;
2. You want to place conditions on when and how your beneficiaries will receive their inheritance;
3. You have a minor child who at your death may require the appointment of a legal guardian and a designation of someone to hold the minor child’s inheritance in trust until the child reaches 18 years old; and/or
4. You have an incapacitated child receiving public benefits and receiving an inheritance may cause the incapacitated child to lose the benefits.
The most common way to address these topics in a Last Will and Testament is with a Testamentary Trust. The terms of the Testamentary Trust Agreement are set forth in the Will. At the end of probating the Estate, the Personal Representative transfers the trust assets to a trustee designated in the Trust Agreement subject to the terms of the Testamentary Trust Agreement.
A Last Will and Testament is not the right Estate Plan if one of the primary goals is to avoid Probate. The Last Will and Testament does not avoid Probate, rather it is the document used for and in Probate.
If you or a family member lack physical mobility, an appointment with our lawyer at your home, assisted living or care facility can probably be arranged for an elder law and/or estate planning consultation. The geographical locations for the out-of-office appointment can be within most of Yamhill County, most of Washington County, the western portion of Clackamas County, and the western portion of Marion County. If you call, we will be glad to discuss the options for an initial consultation appointment at your location.
For a knowledgeable, experienced, and cost-effective Estate Planning, Will Preparation, Trust Preparation, and Trust Administration Attorney, contact Larry K Gray & Associates, PC
Larry K. Gray has been helping clients for more than 40 years.
Larry K. Gray & Associates, P.C.
404 East First Street
Newberg, Oregon
Fax: (503) 538-6957
Phone: (503) 538-1350
The information on this website is not intended to be legal advice regarding your particular legal problem, and the presentation of this information does not create an attorney-client relationship. An attorney-client relationship will only exist after a mutual agreement to establish an attorney-client relationship.