Probate in Oregon
What is probate?
Probate is simply the process of winding up the financial affairs of a person and passing the assets on to his (or her) beneficiaries.
How does probate work?
Generally, it is assumed that probate has four parts relating to the deceased:
Probate may include admitting a will of the a deceased to the court. A judge, by written order, must determine that the document proposed to be the will, is indeed the last will of the descendent and the property should be distributed accordingly. Under Oregon law, a will is of no force and effect until it has been admitted to probate.
- Collect the assets;
- Pay the debts;
- Pay the taxes; and
- Distribute the balance to the heirs or beneficiaries.
How difficult is probate, is it expensive?
Oregon has a very streamlined and efficient probate system. For the simplest of estates, the total probate cost can be under $1,000. With proper planning and a knowledgeable attorney, you can avoid any probate pitfalls. Blair & Vestigo, PC is experienced with assisting and explaining probate to clients. Please call us at 503-655-7199 to discuss probate options.