Oregon Estate Planning Laws

Estate & Inheritance Tax

Oregon imposes a state estate tax. The exemption threshold is $1.0M with a top rate of 16%. Estates below the exemption amount are not subject to state estate tax. This is in addition to the federal estate tax.

Oregon does not impose an inheritance tax.

Probate Process

Oregon uses a both probate system. Estates valued below $75,000 may qualify for simplified small estate procedures, such as a small estate affidavit, which avoids full probate.

Elective Share: The surviving spouse may elect to take one-fourth of the net estate.

Will Requirements

In Oregon, a valid will requires:

• The testator must be at least 18 years old and of sound mind
• The will must be in writing
• The will must be signed by the testator (or by another person at the testator's direction)
• 2 witnesses must sign the will

Holographic (Handwritten) Wills: Oregon does not recognize holographic (handwritten) wills. A will must be properly witnessed to be valid.

Self-Proving Affidavit: Notarization is required for a self-proving affidavit, which allows the will to be admitted to probate without witness testimony.

Digital/Electronic Wills: Not currently authorized under state law.

Power of Attorney

Oregon provides a statutory power of attorney form that is widely accepted by financial institutions and government agencies.

A durable power of attorney remains effective if the principal becomes incapacitated. This is a critical estate planning document for Oregon residents.

Medicaid Planning

Oregon follows the federal Medicaid look-back period of 60 months (5 years). Any transfers of assets for less than fair market value made within this period before applying for Medicaid may result in a penalty period of ineligibility.

Planning for potential long-term care needs should begin well in advance of the look-back period. Consult with an elder law attorney in Oregon for strategies specific to your situation.