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If the grantor dies with assets outside of the trust, those assets may be subject to probate, which can be time-consuming and expensive. A pour-over will helps avoid this situation by directing any assets that are not already in the trust to be transferred into the trust after the grantor's death.
Oregon does not provide for a statutory will or specific language you have to use in your will for it to be legal. If you know your wishes, you can create a will on your own or work with an estate planning attorney.
Steps to Create a Will in Oregon Decide what property to include in your will. Decide who will inherit your property. Choose an executor to handle your estate. Choose a guardian for your children. Choose someone to manage children's property. Make your will. Sign your will in front of witnesses. Store your will safely.
Oral or ?nuncupative? wills aren't valid under Oregon law. Handwritten or ?holographic? wills aren't recognized in Oregon.
Oregon does not provide for a statutory will or specific language you have to use in your will for it to be legal. If you know your wishes, you can create a will on your own or work with an estate planning attorney.
Although Oregon does not require a will to be notarized, the state allows you to make your will ?self-proving,? which does require a notary. A self-proving will speeds up probate because the court can accept the will without contacting the witnesses who signed it.
There are several legal requirements when you make a will in Oregon ? notarization isn't one of them. ?For a will to be legally binding in Oregon, it needs to be: In writing. Created by a testator (the person making the will) who is of sound mind and at least 18 years old.
In Oregon, you must be at least 18 years old and of sound mind to make a will. If you are married or emancipated, you can make a will before you turn 18. Your will must be in writing and must be signed by you and two witnesses. Some people cannot serve as witnesses to your will.