What Are the Benefits of Having a Will?

Many people postpone the completion of the last will and testament until an old age, but there are many benefits of composing a will early in life.

Other benefits include but are not limited to your personal selection of an executor, which is the person who sees that the desires expressed in the will are carried out respectfully, and an opportunity to plan for personal matters, such as funeral arrangements and all other personal matters.

What Are the Disadvantages of Having a Will?

There is always a possibility that another person can challenge the validity of your last will in Oregon, questioning the procedures taken to be upheld as official legal documentation.

Once your will is filed, it will become public information as per Oregon law. It means that at any time, anyone can do a search for your last will and see its contents.

Despite the cons of creating a will, all these setbacks can easily be avoided with careful planning and delicate revision. Revise and edit your last will thoroughly and seek an attorney or lawyer if desired.

What Happens If I Choose Not to Have a Will?

As it is not mandatory to have a last will in Oregon, no intentional consequences will come upon the deceased. If a person has passed away and has not filed a will, their property will be distributed according to the Oregon legislature (Chapter 112 of Oregon Code, Intestate Succession and Wills). Oregon laws assign all the property to the spouse. If the deceased person was remarried but has children from a previous marriage, half of the property will go to their current spouse, and the other half to their biological children.

If the state of Oregon has exhausted the list of family heirs (spouse, children, grandchildren, siblings, cousins, etc.), the property registered in the deceased person’s name will be taken by the state. So, if you have no spouse and children but still have some close persons who you want to inherit your property, it’s better to complete the last will and document your preferences for them to be followed.

Complete Your Oregon Last Will Online

On our site, you can find a free Oregon last will and testament template and can also use a convenient step-by-step builder to create a highly customized last will and testament document.

For information about filing small estate affidavits (a simplified probate procedure to transfer assets of a deceased person) and guardianship (an appointment of another individual to assume responsibility of a child in the event when the parents cannot), check out the instructions for filing small estate affidavits.

Tips to Consider When Choosing Beneficiaries

A beneficiary is an individual you name in a will who receives all or a specified portion of your assets. This person can also be appointed as the executor; the difference between the two is that the beneficiary is the person who will inherit property, while an executor manages the estate of the deceased person.

When considering beneficiary candidates, think of the following:

How to Make a Will in Oregon

Oregon last will requirements are defined as follows:

Download a PDF or Word Sample Oregon Will