*If
If the gross estate of an Oregon resident has a value of more than $1 million, the personal representative or executor of the estate must file a state estate tax return. (Smaller estates won't need to file a return.) Your gross estate will include just about all of the property you own at your death:
- Real estate
- Bank and investment accounts—retirement and non-retirement
- Vehicles and other items of personal property
- Proceeds from any life insurance policies on your life, if you owned the policies
- Your business interests (sole proprietorship, limited liability company, or closely held corporation)
- Any property you hold in a revocable living trust
the amount is greater than 1.0 million, it would be subject to an estate tax in Oregon.
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