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The Role of a Special Needs Trust - For those who have loved ones with any kind of disability, a special needs trust is often recommended. It’s one way to eliminate worry about the future of those loved ones and what it might look like. These trusts not only allow for a better daily life for those with a disability, but it also removes what is sometimes a heavy financial burden from other family members. The special needs trust is designed so as to not conflict with any other government assistance the person is receiving.  This is an added bonus for those overseeing their finances and who worry about the possibility of scarce financial resources. A special needs trust can also serve as a resource for covering expenses that may not be necessary, but can certainly make their daily life easier. Satellite television, internet service, movies – things of that nature are typically allowed under the special needs trust. Who Benefits from the Special Needs Trusts? Not all who have a disability will qualify for either SSI
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What reasons do you have to revise your estate plan? - Many clients believe that estate planning is one of those things they do one time and then never think of it again. Nothing could be further from the truth. Just as life is not static, neither are our estate planning efforts. While it is true that we all feel a sense of relief and accomplishment once we’ve taken those initial steps, the reality is that laws and lives change – often. None of us are exempt from those changes, whether it means a divorce, widowhood, or the addition of children or grandchildren.  Even the divorces of our own children can affect our estate plans. Think of it as a living and breathing entity that must change with our lives – because that is exactly what it is. A perfect example is the changes in federal estate tax exemptions. The allowable amount that could be passed tax free in 2014 was $5.34 million. On January 1, 2015, it increased to $5.43 million. While this recent change does not seem significant, consider what it was as of 2005: $1.5 million. I
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Will Nursing Home Care Leave You, or Your Spouse, in Poverty? - As much as we all prefer not to think about it, the odds are very good that we will all need long-term care at some point down the road. If you have not planned for the possibility you could be in for a huge shock when you realize how expensive long-term care can be. Will nursing home care leave you, or your spouse, in poverty? Sadly, the answer to that question is that it could without careful planning. At age 65 you stand an 80 percent chance of needing long-term care at some point before you die.  In the State of Oregon, the average cost for a year in a nursing home with a semi-private room is $93,258 as of 2013. With an average length of stay of 2.5 years that means that the average person will incur a long-term care bill of $233,145 at some point. How do you plan to pay for that care should you, or your spouse, need it? Don’t look to the Medicare program as Medicare only covers long-term care costs under very narrow circumstances and then only for a very short period of time.
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Can I Include My Family Pet in My Estate Plan? - In the United States it is the exception, not the norm, to find a household that does not have at least one pet. Almost 40 percent of all households have at least one dog while one in three owns at least one cat. If you own a pet you likely consider your pet to be part of the family, leading you to ask the question “ Can I include my family pet in my estate plan? ” The simple answer to that question is “yes”, you can. The more complicated issue is how you include your pet in your estate plan. The primary purpose of your estate plan is to provide for your loved ones after your death. If you include your family pet in your “loved ones” now, shouldn’t he or she be included in your plans? Including your pet can be accomplished in several ways with carrying degrees of success. Verbal agreement – you may have already discussed the care of your pet, should something happen to you, with a family member or friend. While this is a good start, there are several reasons why a simp
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Who to Designate as Successor of Your Revocable Living Trust? - Estate planning typically incorporates a wide variety of legal documents and strategies into one overall plan. Although your Last Will and Testament should provide the cornerstone for your estate plan, you will likely choose to include other documents as well, such as a trust. In fact, many estate plans include several trusts because of the flexibility trusts offer and the numerous benefits they provide. If you decide to include a revocable living trust in your estate plan you will need to make several important decisions during the creation of your trust. One concern you may have is who to appoint as the successor of your revocable living trust. A revocable living trust is a trust that becomes effective during your lifetime and that can be changed, modified, or revoked by you at any time. Like all trusts, your revocable living trust will require you to appoint a trustee. The trustee is responsible for managing the trust assets and administering the trust. Unlike some trusts, the sett
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Should I Let the Nursing Home Prepare a Living Will for Me? - Statistically speaking, most people will spend an extended period of time in a long-term care facility at some point in their life. If you are currently living in a nursing home, you are likely dependent on the staff and caregivers at the nursing home for everything from the administration of medicine to social interaction. Be careful, however, that you don’t become too dependent on people other than trusted family members and loved ones. For example, if the nursing home staff offers to prepare a living will for you it would be in your best interests to consult with your estate planning attorney before accepting the offer. A living will is a type of advanced directive. It is a legal document that allows you to express your wishes with regard to healthcare treatment should you be unable to express them yourself at some point due to your incapacity. In Oregon, an advanced directive may also be used to appoint someone as your healthcare agent. Your agent will be entitled to make decisi
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Estate Planning and Digital Assets - While it’s relatively new, digital assets are quickly becoming the “topic of choice” for clients and their estate planning attorneys. If you are online and have any kind of online account, odds are, there’s value in those accounts. Here are a few ways those assets matter to you personally: The Cloud Most of us have some part of our lives in the cloud. We may have family members that have shared pictures with you via email that we have uploaded.  Maybe we have uploaded pictures to our favorite retailer so that we can pick up hard copies in an hour, those pictures memorialize our families and those special events. Many people purchase online music.  Amazon and iTunes are most likely where we keep that collection of ‘80s music that we listen to while we are working or cleaning the house. At more than one dollar each, you could very easily have a substantial collection. Whether you’re drinking your Red, Red Wine and wondering how your old friends Jack and Diane are or L
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How Can I Protect My Spouse When I Apply for Medicaid? - At some point during your Golden Years there is a very good chance that you will need long-term care. Given the extremely high cost of long-term care that means there is also a very good chance you will need to qualify for the Medicaid program in order to cover the costs of your long-term care. As you may already know, Medicaid has very low income and asset limits that cannot be exceeded by program participants. For married couples, this leads to a common concern – “ How can I protect my spouse when I apply for Medicaid? ” Medicaid is a health insurance program that is predominantly federally funded, yet state administered. Because Medicaid is administered by the individual states there are some differences in eligibility criteria and benefits available; however, in all states an applicant must not have income above the program limit or own countable resources valued above the program limit in order to qualify for benefits. Because Medicaid is intended to help low income individ
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Portland Estate Planning (IRA and Beneficiary Basics) - We know there are a lot of potentially-confusing factors to consider when planning for retirement in Portland (estate planning, IRA and Roth IRA plans, 401(k)s and Roth 401(k)s, and so on). With all of these moving parts, it can be easy to overlook something as simple as naming the correct beneficiary for your Individual Retirement Account (IRA). The truth is that listing an individual as your beneficiary will allow your heir to stretch out your IRA. This means that distributions can be extended over the lifespan your heir, providing him or her a lifetime of assistance. Additionally, their own heir may repeat the process upon their death, if their funds are also properly arranged. If your estate is listed as the beneficiary of a Roth IRA, however, distributions must be made within five years of your death. The same rule is enforced for traditional IRAs, with one exception. If the deceased was age 70 ½ or older, distributions will continue based on the age of the deceased. If no benef
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How to Find an Elder Law Attorney - Whether for yourself or for an elderly loved one, the odds are good that you will need the advice and/or services of an elder law attorney at some point in your life. Because elder law is a specialized area of the law you may never have had cause to locate an elder law attorney before and may not know where to start when the need arises. Ultimately, the decision will be up to you; however, the following tips on how to find an elder law attorney might be helpful. Check with family, friends, and co-workers. At some point in time, most people will need the services of an elder law attorney. This means that there is a good chance that someone you know and trust has used an elder law attorney in the recent past. A personal referral not only makes your search easier and quicker but also comes with a trusted recommendation. Use the lawyer referral services offered by the Oregon Bar Association. The Oregon State Bar Association has a referral service that may be able to help. Research using t
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Can You Remain in Your Home If You Get Sick during Your Golden Years? - With the advances in medicine and science over the latter half of the 20th century, the average life expectancy of an American has increased dramatically. Living longer, however, does not mean that the natural aging process stops. In fact, with the increase in life expectancy has also come an increased chance that you will eventually need to spend time in a long-term care facility. Before that point, however, you may find yourself in a situation where you are in need of regular assistance because of an illness or medical condition but where you are not ready for long-term care yet. If that occurs, can you remain in your home if you get sick during your golden years? The good news is that for most people the answer is “yes”. Most retirees depend on state or federal assistance programs to cover healthcare costs. When you turn 65, for example, you will automatically be enrolled in the federally funded and administered Medicare program. If you become terminally ill, Medicare will cove
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What Is Per Stirpes and Per Capita? - When you sit down to create your estate plan with your attorney you will undoubtedly run across a variety of legal terms and jargon with which you are unfamiliar. The law uses a number of antiquated words and Latin phrases that have been around for centuries and that are not likely to be replaced with a modern version any time soon. Two phrases that you may come across numerous times in your estate plan are “per stirpes” and per “capita”. Understanding the difference between the two phrases is important because the manner in which assets are distributed will depend on which one is used. The terms per stirpes and per capita are commonly used in a Last Will and Testament as well as in other estate planning documents such as a living trust agreement. Both are used to direct how assets are to be distributed to beneficiaries. Care must be used when choosing which term to use, however, because your choice can dramatically change how your assets are distributed after your death. Your
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2455 NW Marshall St #11 Portland, OR 97210
2455 Northwest Marshall Street #11USOregonPortland97210
Law Firm, Elder Law Attorney
Law Firm
Elder Law Attorney
Estate Planning Attorney
Today Closed
Monday 8:30 am – 4:30 pmTuesday 8:30 am – 4:30 pmWednesday 8:30 am – 4:30 pmThursday 8:30 am – 4:30 pmFriday 8:30 am – 4:30 pmSaturday ClosedSunday Closed
You have undoubtedly worked hard over the course of your lifetime to build your financial and personal legacy.  A comprehensive estate plan will ensure that your legacy is protected while you are alive and passed down according to your wishes upon your death.

At the Law Offices of Richard B. Schneider, LLC we understand your desire to create an estate plan that both provides for your loved ones in the event of your death and ensures that you retain control over what happens to your medical care and financial well-being should you become ill or disabled. The Portland estate planning attorneys at the Law Offices of Richard B. Schneider, LLC are committed to helping you create an estate plan that is tailored to your specific needs and objectives. 

Contact us today by calling 503-241-1215 or through our online contact form so that we can begin creating an estate plan that will ensure the security of both your financial and personal legacy.
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4 reviews
"Together, we created a plan to safe guard my estate for my sons."
"Mr. Richard Schneider was recommended to us by our Trust Attorney in Virginia."
"...assisting us in moving our Virginia Living Trust to an Oregon Living Trust."
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Kris Codron
in the last week
Richard Schneider provides an annual presentation at my workplace on wills and living trusts. It is powerful and valuable for employees, and always well attended. My husband and I used his services to create a living trust that provides us with a sense of protection in the event of major life changes. Mr. Schneider and his team are knowledgeable, compassionate and very customer service oriented.
FJ Budd
2 years ago
Exceptional Client Service Moving to Oregon from Virginia was a huge change for us in several aspects. Being close to immediate family was the main objective. Thus many changes had to be made after 30 years of living on the east coast and now on the west coast. Mr. Richard Schneider was recommended to us by our Trust Attorney in Virginia. He and his staff have been very amicable in assisting us in moving our Virginia Living Trust to an Oregon Living Trust. As time goes by we expect to rely on he and his staff to keep us current as changes may occur to our Trust. We appreciate what he has already done and feel confident that he and his staff will do what is in our best interest.
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Kat Schon
2 weeks ago
We have worked with Richard for 10 years. He has helped us with estate planning, small business needs and a few personal issues. We have recommended him to several people.
A Google User
3 years ago
Richard Schneider, a man with the smarts and a heart A few years ago, I attended a seminar on estate planning. I kept Richards card. Fast forward to a life changing event that required a new will and estate plan. I found Richards card. Together, we created a plan to safe guard my estate for my sons. It would provide a way to care for the son who would need help and allow my other son to keep and manage my business. Richard’s creativity allowed me to reach my goals and be able to keep control of my property and business, a plan to keep my money for my son, allow him to control the estate if I was unable to do so and receive it intact when the time comes to pass the estate to him. He helped my son to create his plan and will. Over the years, we have updated the estate plans, created documents to protect my business and advised me to changes in the laws to help keep me current. I know what I want for my company and sons. Richard has the knowledge to make it so. I have an elderly friend who was forced to sell her home. The large amount of money she would receive from the sale will be needed to care for her the rest of her life. I asked Richard to help her. With his guidance, she was able to get more money from the sale than I thought she could. By following his suggestions, she will be able to live the rest of her life in comfort.
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