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What happens in Oregon when a person dies without a will?

If a person dies without a will, the court will select the personal representative, usually the spouse, an adult child or another close relative. If none of those people are available or willing to be the personal representative, the court may choose a bank, trust company or a lawyer.

What is the 118 law in Oregon?

Measure 118 (M118) proposes to increase state corporate taxes and then distribute the increased revenue to Oregon residents in equal amounts.

At what age do you stop paying property taxes in Oregon?

At present Oregon has no statewide general homestead exemption or exemptions based solely on age and/or income. Disabled or senior homeowners may qualify for Oregons tax deferral program.

How much can you inherit without paying taxes in Oregon?

Oregon Estate Tax Rates Proactive estate planning is essential to minimize tax burdens, protect assets, and ensure the seamless fulfillment of personal wishes and long-term goals. Oregons estate tax exemption amount of only $1,000,000 was set in 2001 and is not pegged to inflation.

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