Portland Oregon Probate, Business, Estate Planning Lawyer - Chase Morinaka

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  • Contact 971-266-2800
  • Client Login
  • Blog
  • About
  • Services
    • Revocable Living Trusts
    • Probate
    • Last Will and Testament
    • Business Law >
      • Lease Review
    • Power of Attorney
    • Real Estate/Deeds
    • Civil Litigation
  • Testimonials
  • Espanol

helping you achieve your goals

The "Death" Tax and Selling the Farm

9/29/2017

 

Selling the family farm to pay the estate tax is a rare indeed, but it takes planning to minimize the tax burden on your family and make the transition as smooth as possible.

​​www.factcheck.org/2017/09/death-tax-talking-point-wont-die/

2015 Oregon Estate Tax Rates

1/1/2015

 
Have you ever wondered what your Estate Tax Liability is in Oregon? This table shows the estate transfer tax rate for 2015.

If these rates seem high, you should know there are many ways to lower your tax liability, leaving more of your hard-earned money for your family and loved ones. If you would like to know more about lowering your tax liability, please call my office to schedule an appointment.

Value of Your Estate:

Estate Tax Liability:

Minimum Estate Value

Base Tax + % on every dollar over the minimum

$1,000,000.00

-

$1,500,000.00

=

$0 + 10% over the minimum

$1,500,000.00

-

$2,500,000.00

=

$50,000 + 10.25%

$2,500,000.00

-

$3,500,000.00

=

$152,500 + 10.5%

$3,500,000.00

-

$4,500,000.00

=

$267,500 + 11%

$4,500,000.00

-

$5,500,000.00

=

$367,500 + 11.5%

$5,500,000.00

-

$6,500,000.00

=

$482,500 + 12%

$6,500,000.00

-

$7,500,000.00

=

$602,500 + 13%

$7,500,000.00

-

$8,500,000.00

=

$732,500 + 14%

$8,500,000.00

-

$9,500,000.00

=

$872,500 + 15%

$9,500,000.00

-

Above

=

$1,022,500 + 16%

 

    Author

    Chase Morinaka practices law in Portland, Oregon with a focus on Estate Planning, Probate, and Elder Law.

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