Lifetime gifting may reduce the taxable estate, and Oregon does not impose a state gift tax. However, Oregon has a three-year lookback rule — gifts made within three years of death may be counted back into the estate for tax purposes.
Lifetime gifting may reduce the taxable estate, and Oregon does not impose a state gift tax. However, Oregon has a three-year lookback rule — gifts made within three years of death may be counted back into the estate for tax purposes.