Category Archives: Estate Planning

Gift and Estate Tax Exemptions – 2020 Information

CURRENT GIFT AND ESTATE TAX EXEMPTIONS

 

  • Federal Estate Tax Exemption: $11.58 million per individual
  • Federal Gift Tax Exemption: $11.58 million per individual
  • Federal Generation-Skipping Tax Exemption: $11.58 million per individual
  • Federal Unlimited Marital Deduction for gifts and transfers to spouses
  • Annual Gift Exclusion Amount: $15,000 per individual, per donee, per year
  • Oregon Estate Tax Exemption: $1 million per individual
  • Oregon does not have a gift tax
  • Oregon Unlimited Marital Deduction for gifts and transfers to spouses

To the extent that you have available unused exclusion and are interested in gifting the full $11.58 million exemption currently available, please contact us sooner rather than later to take advantage of what is likely a temporarily increased exclusion. 

Five Reasons to Update Your Estate Plan

Learn when life changes may necessitate an update to your Will or Revocable Trust, such as after a move, divorce, birth or death of a beneficiary or fiduciary, or if the size and composition of your estate has changed. Watch here to learn more.

An Introduction to Individual Charitable Deductions

A podcast about what you need to know regarding income tax charitable deductions for individuals following the 2017 Tax Cuts and Job Act from an estate planning expert:

 

 

Listen here: