I am committed to providing clients with conscientious and thoughtful advice on probate, wills, trusts, guardianship and conservatorship matters. My clients value my 18 years of experience in these areas.
Recently local attorneys and judges rated me AV Preeminent for my knowledge and experience in trusts and estates, general practice and wills and probate - the highest rating given by Martindale-Hubbell.
Our firm takes great pride in our sincere desire to understand your needs and those of your family, and to provide workable solutions.
- Ryan Collier
1020 Liberty Street SE
Salem OR 97302
Wills, Trusts, Advanced Planning, Charitable Trusts, and Asset Protection Plans offered for Flat or Fixed Rates.
The law office of Collier Law will represent your estate planning legal matters.
What is a revocable living trust?
A revocable living trust or "intervivos trust" is a legal device that can be used to manage your property during your lifetime and to distribute your property after your death. A revocable living trust is established by a written agreement or declaration, which appoints a "trustee" to administer the property transferred to the trust, and which gives detailed instructions on how the property is to be managed and eventually distributed. If you want your trust to substitute for a probate proceeding (court administration of property after death), you must give the trustee detailed instructions about how to handle these situations, and you should legally transfer substantially all of your property to the trustee.
Who can be the trustee?
In Oregon any competent adult can be the trustee, including the person setting up the trust. An Oregon bank or trust company can also act as trustee. A professional fiduciary that is not an Oregon bank or trust company can act as trustee, if a court appoints it and it posts a bond. You can appoint more than one trustee, delegating different duties to each trustee if you wish, and you can retain the power to remove the trustee and appoint a new one. Appointing a successor trustee is essential if you are the first trustee and the trust will carry on after you die or become incapacitated.
How is a revocable living trust established?
If a revocable living trust is appropriate for you, you will need a written agreement or declaration of trust, which sets out your plan for management and distribution of your assets. Then you must legally transfer all trust assets to the trustee. Deeds, stock transfers, new bank accounts and other legal documents may be necessary. Assets not formally transferred to the trustee will not be considered part of the trust and might still be subject to probate.
You must also have a will to ensure that any property not properly placed in your trust before death can be transferred to it after death.
At your death your will can transfer up to $75,000 of personal property and $200,000 in real property to your trust through an Affidavit of Claiming Successor filed with the court. Your will can transfer assets of greater value to your trust through a full probate process. You can also have life insurance and certain pension accounts paid directly to the trust.
Ryan W. Collier is an Estate Planning and Probate attorney in Salem, Oregon. He is licensed to practice in both Washington and Oregon
His practice emphasizes advising clients on estate planning, probate and trust administration, and fiduciary liability. Ryan's extensive background in financial planning is of significant value to his clients estate planning needs. His clients seek to minimize potential estate taxes and pass on the maximum value of their estates to their children and grandchildren. Ryan's clients receive the benefit of his extensive legal knowledge, privacy and security.
Local attorneys and judges rated Ryan AV Preeminent for his knowledge and experience in trusts and estates, general practice and wills and probate the highest rating given by Martindale-Hubbell. Super Lawyers Magazine awarded Ryan with the Oregon Rising Star in 2010 and 2011, an honor given to less than 5% of Oregon attorneys.
Ryan is an avid volunteer and supporter of the Salem community. In 2010, the Statesman Journal Media selected Ryan as one of "Top 20 under 40". This annual award is presented to individuals making a difference in the Salem community. Ryan was also recognized by the Salem Area Chamber of Commerce as the 2009 Outstanding Young Professional. He has served over 11 years on the board of directors for Salem Leadership Foundation, a faith based organization that brings people of faith and people of good will together to make Salem the best community in Oregon. For 5 of those years, he served as their president. Ryan is a 2006 graduate of Leadership Salem through the Salem Area Chamber of Commerce. He serves as the Board Chair for the Salem Foundation, a charitable community foundation that makes grants to area non-profits. He also volunteers as a leader for his children's Boy Scout groups and serves on the Boy Scouts of America Cascade Pacific Council Advisory Board. The Boy Scouts has awarded Ryan the District Award of Merit for Extraordinary service to youth.
Ryan cherishes his time with his wife, Holly and three teen-age sons. He loves the outdoors and appreciates the many wonderful partnerships that make the Salem community strong and vibrant.
Willamette University College of Law