Wednesday, January 27, 2021 The Nugget Newspaper, Sisters, Oregon 17 Wills and trusts spell out wishes By Sue Stafford PO RT FO LI O/ DR AG ON IM AG ES Correspondent / M CO . TO HO wherever y o u live. IST Partners In Care also has home-health services. Hospice care assists not only the patient but the family as well, helping them to understand the end-of-life process and provid- ing emotional support, as well as comfort care for the patient in their own home. Partners In Care has an in-patient Hospice House that offers up to five days of respite care if the patient needs more aggressive pain man- agement or if family members need a few days break from caregiving. (See story on new Hospice House, page 1.) With a wide range of resources and services and a close-knit com- munity, Sisters is one of the best places you can find to live the late years of your life to their fullest. KP OC To prepare the legal documents needed for the end of life, John Myers, a Sisters attorney, can offer the guidance needed to prepare a will, or if wanted, to establish a trust. Myers outlined for The Nugget the differ- ence between the two instruments used for passing on an inheritance. In Oregon, if someone dies, their estate goes through the probate court process of transferring their assets. If they have a will, the court looks to the will to see where the assets are sup- posed to go. If they have no will, the Oregon Statutes, Chapter 112, come into play. Depending on whether the person had children with a surviving spouse, or from another relationship, their surviving spouse is entitled to some and also the children. If there is no surviving spouse or children, then to parents, then siblings, then nieces and nephews, and so on. Probate can be a good thing because the court is overseeing the transfer of assets to the people you have chosen (with a will) or to the people the state thinks you would choose (without will). The probate process is time consuming (usually between six months to a year) and expensive (between $6,000-$9,000 in attorney fees and court costs). The probate court process is also public; any person can go to the courthouse and see who you left your assets to and how much it was all worth. The people chosen to be in charge will have to work with an attorney through the process. If you set up a trust, your estate avoids this process and the person you name to be in charge can take over the handling of the assets with- out any court involvement and the information remains private. It usu- ally takes less time for administration with a trust. Even if you have few assets, if you want to avoid the probate process and make it easier on your loved ones, creating a trust can help to achieve this. A trust can also help to plan for incapacity. If you have a trust and something happens to you, leaving you alive but incapacitated, the person you have named as your trustee can manage your assets for you. Oregon does not allow for holo- graphic wills (handwritten). There is a statute that allows for a handwritten will to stand if proven by clear and convincing evidence that the author intended the writing to be their will. Myers indicated that proving it to be a will is time consuming and expen- sive and is only intended to be utilized as a last resort. ISTOCKPHOTO.COM/PORTFOLIO/EBSTOCK Partners In Care After nearly 20 years providing inpatient care in a six-bed unit, Partners In Care is constructing a new 12-bed Hospice House on its campus in Bend in order to meet the healthcare needs of a growing population. Hospice House is designed to care for hospice patients with the most acute end-of-life needs or who will benefit from a short stay to provide respite for family members. The spacious suites will accommo- date patients in a homelike setting while they receive 24/7 care. Hospice House is the only specialty hospi- tal of its kind in Oregon east of the Cascades. Partners In Care serves hundreds of patients each day in their homes and care facilities. Core ser- vice lines include Home Health, Transitions, Palliative Care, and Grief Support in addition to Hospice. Information about the new Hospice House, and a video featuring three patient stories can be viewed at www.PartnersBend.org/campaign. TAKE CHARGE OF YOUR HEALTH in 2021 with Virtual Programs! WITH CHRONIC CENTRAL OREGON CONDITIONS Two New Classes in Fridays 2-4 p.m., Jan. 29-Mar 5 — COST: $10 — Scholarships Available For more information or to sign up: 541-408-6111 kimr@deschutes.org www.livingwell.co.org January 2021! — NO COST — For more information or to sign up: 541-322-7446 sarahw@ deschutes.org www.deschutes.org/ preventdiabetes To request this information in an alternate format, please call 541-322-7446 or send an email to accessibility@deschutes.org. Y O U R D R E A M S M AT T E R We’re here to help you feel confi dent in your fi nancial future. Retirement Strategies: Income • Asset Protection • Annuities Life Insurance • Tax-effi ciency Long-term Care • Legacy Planning 541-633-4727 704 W. Hood Ave., Suite C, Sisters, OR 97759 clients@BlueStoneRetirement.com BLUESTONERETIREMENT.COM