December 29, 2014

Portland, I’m sure this will come as no surprise (coming from me), but 2015 is the year to get your estate planning done or tuned up.

Now is a great time to get your estate planning done because we're in a time of relative tax stability.

But seriously. Now is a great time to get your estate planning done because we’re in a time of relative tax stability. Oregon’s Inheritance tax is likely to sit at $1 million for a while, and the federal exemption is well over $5 million. If your estate is smaller and you planned your estate back in the ultra-conservative tax avoidance days of yore–2015 is the right time for a checkup.

Do you really need that bypass trust, or will it just confuse matters? Are your beneficiaries still good candidates for inheritance? Did your estate grow and now you need to avoid Oregon taxes?

So make it a New Year’s resolution you can actually finish this year. I’ll be here cheering you on.