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Oregon Order Admitting Will to Probate and Appointing Joint Personal...

Oregon Order Admitting Will to Probate and Appointing Joint Personal Representatives

Name: Oregon Order Admitting Will to Probate and Appointing Joint Personal Representatives
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.55 (400 reviews)

Category:

Oregon Court Samples - Probate - Testate - Sample Case 4

State:

Oregon

Control #:

OR-HJ-522-02

Format:

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A02 Order Admitting Will to Probate and Appointing Joint Personal Representatives

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Under Oregon law, a small estate affidavit can be filed if the estate has no more than $75,000 in personal property and no more that $200,000 in real property. These limits may be subject to change. A larger estate may require probate.

In Oregon, the law states that the executor's compensation is based on the following: Probate property, including income and gains: (A) Seven percent of any sum not exceeding $1,000. (B) Four percent of all above $1,000 and not exceeding $10,000.

No probate is necessary. Joint tenancy often works well when couples (married or not) acquire real estate, vehicles, bank accounts or other valuable property together. In Oregon, each co-owner must own an equal share.

Probate is not always necessary. If the deceased person owned bank accounts or property with another person, the surviving co-owner often will then own that property automatically.

Probate is required when an estate's assets are solely in the deceased's name. In most cases, if the deceased owned property that had no other names attached, an estate must go through probate in order to transfer the property into the name(s) of any beneficiaries.

Probate can be started immediately after death and takes a minimum of four months. If the estate includes property that takes a while to sell, or if there are complicated tax or other matters, probate can last much longer. A small estate proceeding cannot be filed until 30 days after death and is complete upon filing.

Simply having a last will does not avoid probate; in fact, a will must go through probate. To probate a will, the document is filed with the court, and a personal representative is appointed to gather the decedent's assets and take care of any outstanding debts or taxes.

Oregon Order Admitting Will to Probate and Appointing Joint Personal Representatives

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What triggers probate in Oregon?

How much does an estate have to be worth to go to probate in Oregon?

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