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A living trust in Oregon allows you to have use and control of your assets while they remain in trust for your beneficiaries. A revocable living trust (sometimes known as an inter vivos trust) is a popular estate planning option with a variety of benefits. An Oregon living trust is established by the grantor.
Death within 7 years of making a transfer If you die within 7 years of making a transfer into a trust your estate will have to pay Inheritance Tax at the full amount of 40%. This is instead of the reduced amount of 20% which is payable when the payment is made during your lifetime.
How to Create a Living Trust in Oregon Figure out which type of trust you need to make. Do a property inventory. Choose your trustee. Draw up the trust document. Sign the trust document in front of a notary public. Fund the trust by transferring your property into it.
If your estate is likely to qualify, you might not need to worry about making a living trust just to avoid probate. Additionally, in Oregon, you can transfer real property using a transfer-on-death deed; this can keep your home out of probate without using a living trust.
The trust allows you to keep your family matters private. While a will becomes public record when probate occurs, a trust is never probated and never made public. No one will know who your beneficiaries are, what assets are in the trust, or what the conditions of the trust are.

People also ask

At a minimum, your Oregon estate plan needs a will. Your will can carry out your overall estate instructions and wishes. If you have minor children, your will is the instrument that can appoint a guardian for them. Sometimes, though, you may want to add a trust to your estate plan as well.
A living trust in Oregon allows you to have use and control of your assets while they remain in trust for your beneficiaries. A revocable living trust (sometimes known as an inter vivos trust) is a popular estate planning option with a variety of benefits. An Oregon living trust is established by the grantor.
The trust allows you to keep your family matters private. While a will becomes public record when probate occurs, a trust is never probated and never made public. No one will know who your beneficiaries are, what assets are in the trust, or what the conditions of the trust are.
If your estate is likely to qualify, you might not need to worry about making a living trust just to avoid probate. Additionally, in Oregon, you can transfer real property using a transfer-on-death deed; this can keep your home out of probate without using a living trust.
A living trust in Oregon allows you to have use and control of your assets while they remain in trust for your beneficiaries. A revocable living trust (sometimes known as an inter vivos trust) is a popular estate planning option with a variety of benefits. An Oregon living trust is established by the grantor.

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