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Richard
Richard, Tax Attorney
Category: Tax
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Experience:  29 years of experience as a tax, real estate, and business attorney.
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My mother passed away on May 30,2010. Her living trust has

Customer Question

My mother passed away on May 30,2010. Her living trust has a 34.5 % interest in commercial property in Medford,Or.
Her 34.5% interest in that property as of the date of her death was worth $ 828,000.00 . She was a resident of California and has no other property or assets in the state of Oregon. However, her total estate with consists of other assets outside of the State of Oregon exceeds 5 million dollars. Her interest in the property in Oregon will pass to me, her son who resides Ca.
QUESTION: Will I owe inheritance tax to the State of Oregon.
Thank You in advance for your answer.
Submitted: 5 years ago.
Category: Tax
Expert:  Richard replied 5 years ago.

Good afternon. You will not owe any inheritance tax in Oregon. The property in Oregon would need to have a value of $1,000,000 or more to be subject to the Oregon inheritance tax.

 

 

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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.

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Customer: replied 5 years ago.
THANK YOU FOR YOUR REPLY:
IF MY MOTHERS INTEREST IN THE REAL PROPERTY IN OREGON HAD BEEN VALUED OVER 1 MILLION D0LLARS WOULD THE VALUE OF HER TOTAL ESTATE BE USED TO CALCULATE THE INHERITANCE TAX RATE IN OREGON OR ONLY THE VALUE OF THE PROPERTY IN OREGON.
Expert:  Richard replied 5 years ago.
Only the value of property in Oregon.

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