The federal estate and gift tax exemption is the highest it has ever been. Under current law, you may transfer almost $14 million to anyone you wish without having to pay a dime of federal gift or estate tax. Absent any...more
10/25/2024
/ Clawbacks ,
Deadlines ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Gift Tax ,
Gift-Tax Exemption ,
Income Taxes ,
IRS ,
Tax Exemptions ,
Tax Planning
As we enter the homestretch of 2023, it’s the perfect time to reexamine plans and action items. There are plenty of items to address, and it’s best to do so sooner rather than later. When you review year-end estate planning...more
On July 13, 2023, Governor Tina Kotek signed into law SB 498, which provides a new Oregon estate tax exemption for up to $15 million (the NR Exemption) of natural resource property that is used in a decedent’s farming,...more
7/18/2023
/ Estate Tax ,
Family Businesses ,
Farms ,
Fishing Industry ,
Forestry ,
Legislative Agendas ,
New Legislation ,
Oregon ,
Property Owners ,
Property Tax ,
Tax Exemptions