News from around the estate planning world.

Ending Estate Tax in Oregon: The Impact of Mannix’s Initiative

SimplyTrustSimplyTrust Editorial···2 min read

Find out how a ballot initiative to end Oregon’s estate tax could impact local wealth, business, and public services.

Ever wondered why so many retirees are packing up and moving out of Oregon? It might have something to do with the state’s estate tax. As it stands, Oregon has one of the lowest estate tax thresholds in the country, kicking in at just $1 million. State Representative Kevin Mannix and co-petitioner Michelle Mhoon aim to change that with their new ballot initiative, dubbed the ‘End the Death Tax Act’. They hope to completely abolish the state’s estate tax by 2027. This isn’t the first time such a move has been proposed, but previous attempts to raise the threshold have been unsuccessful. The proposed initiative is drawing attention to Oregon’s unique tax situation; it’s one of only 12 states that still levy an estate tax. This has some concerned about the tax’s impact on local wealth and business, especially as property and asset values continue to rise. On the other side of the coin, the tax brought in a whopping $339 million in 2024, a 297% increase over the past decade. This substantial revenue supports vital public services, leading some to argue that abolishing the tax could widen the wealth gap. The initiative will need 117,173 valid signatures to make it onto the ballot in 2026. Will Oregonians choose to keep the estate tax or vote for its termination? Only time will tell.

Source: www.bendsource.com

Oregon Estate Law GuideProbate costs, will requirements, trust rules, and intestate succession.

Forms for Planning Your Estate

Free forms for planning your estate: a will, living trust, pour-over will, both powers of attorney, living will, and TOD deed.

Free

Last Will and Testament

Name your heirs, guardians, and final wishes. Free for every state.

Get Started
Free

Healthcare Power of Attorney

Name someone to make medical decisions if you can't.

Get Started
Free

Financial Power of Attorney

Name someone to manage your finances if you can't.

Get Started
Free

Transfer on Death Deed

Transfer real property to a beneficiary upon your death without probate. Available in 34 states and the District of Columbia.

Get Started
Free

Vehicle Transfer on Death

Name a beneficiary to inherit your vehicle at death without probate. Available in 26 states and the District of Columbia.

Get Started
Free

Living Will

State in advance which life-sustaining treatments you want or refuse, in the document your state recognizes, with signing instructions from the statute.

Get Started

All forms

Tools for Planning Your Estate

Free tools for planning your estate: what a will or trust costs, whether you need a trust or TOD deed, and how documents are signed.

What Does Estate Planning Actually Cost?

Compare costs across estate planning providers including online services and attorneys.

Compare Costs

How Much Life Insurance Do I Need?

Calculate your life insurance needs based on income, debts, and family situation.

Use Calculator

Are My Beneficiary Designations Protected?

Check how divorce, creditors, and state laws affect your beneficiary designations.

Check Now

How Much Does Probate Cost?

Estimate attorney fees, executor fees, court costs, and timeline for probating an estate.

Use Calculator

Who Inherits Without a Will?

Find out who inherits your estate and how much they get if you die without a will.

Use Calculator

How Much Does a Revocable Living Trust Cost?

Compare revocable living trust costs across providers including online services and attorneys.

Compare Costs

How Much Does a Will Cost?

Compare will costs across providers plus probate costs your heirs will pay.

Compare Costs

How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?

Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.

Compare Services

All tools