You’ve worked hard to build up your assets, but after taxes, your beneficiaries may only end up with a fraction of whatever you’ve left over for them. Your Portland, OR estate tax planning lawyer can help you anticipate these taxes, and make the necessary adjustments. At NW Legacy Law, we’ll use our 30+ years of combined experience to help you protect your family’s future. Read on to see why you need an estate tax attorney, and contact us today.
Estate Tax Planning Lawyer Portland, OR
It’s a common misconception that estate taxes only affect the super wealthy. While the federal estate tax threshold is pretty high ($15,000,000 for 2026, according to the IRS), Oregon has its own laws and requirements for estate taxes too. In Oregon, estates worth more than $1,000,000 can be taxed between 10% and 16%. That’s a lot of money going to the state - and you’d probably rather send it to your loved ones.
This is why it’s so important to contact an inheritance tax attorney. When you work with an experienced legal team, you can reduce the tax burden that’s placed on your estate. It can be a complicated process, but your fiduciary tax attorney can keep you in the loop about effective strategies that can preserve your wealth for future generations.
Your attorney’s first step will be to review your assets. If it turns out you’re under that $1,000,000 threshold, you won’t have to worry about estate taxes - for now. But there’s a chance that laws will change, and there’s also a chance that your assets will appreciate enough to put you over Oregon’s estate tax threshold. And since your assets include your home, your bank accounts, your investments, and more, you may be closer to $1,000,000 than you’d expect.
Once your lawyer looks over your assets, it’s time to strategize about reducing your tax liability. This may involve setting up a trust, donations, or gifts to reduce your assets before your death. It may also involve looping in financial advisors or accountants to make sure everything is kept above board. Protecting your assets for your loved ones can be challenging, but an experienced Portland estate tax planning lawyer can walk you through what strategies are most effective.
Why Experience Matters In Estate Tax Planning
At NW Legacy Law, we’re ready to use our legal knowledge to help you protect your wealth - and your family’s future.
- We have over 30 years of combined experience. We know what strategies are most effective when it comes to reducing your tax liability.
- We also offer a wide range of estate planning support. Aside from creating your trust to reduce your estate tax burden, we can also help you create a will and establish guardianship.
- At NW Legacy Law, we provide award-winning representation. Our team has been featured in The Columbian and The Vancouver Business Journal for our committed service to our clients.
Contact Us Today
Estate taxes can take a considerable amount out of whatever you’re leaving behind for your family. At NW Legacy Law, we’re here to help you preserve your assets for the next generation. Contact us today, and see what a Portland estate tax planning lawyer from our team can do for you.
