Trusts & Estates

Over the last decade, there have been many federal changes to income, gift, estate and generation-skipping transfer tax statutes. In 2013, for the first time, Congress implemented the concept of estate portability between spouses, which can provide a significant tax savings upon the death of the first spouse. Although the federal estate tax exemption is higher than ever before, Oregon’s estate tax remains at $1 million. Considering the value of home ownership coupled with either a retirement asset or life insurance value, many clients need an estate plan to account for the Oregon estate tax.

It is often a confusing time when loved ones pass away. We explain the legal process clearly and respectfully, and help clients determine whether a small estate affidavit or a full probate is appropriate. Probate matters often involve real estate in multiple jurisdictions and various assets from the straightforward to the unique.

Partner Lori Murphy is also experienced and highly regarded in the administration of estates related to personal injury, wrongful-death, class action lawsuits, wherein a resident of Oregon or Virginia has died during the course of the lawsuit. Such sensitive cases often include those where a conservator, guardian, or guardian of a minor’s estate need to be appointed. Lori has personally served in all of these capacities and understands the challenges associated with these roles.

Attorney John Davis works with clients in succession and estate planning by creating business succession plans, wills and trusts. John has created and implemented such plans for clients with assets ranging from $100 thousand to over $100 million.

The issues in matters of trusts and estates evolves as times change. Lori Murphy has unique experience in gun trusts and NFA firearms transfers and in late 2016 she presented before the Central Oregon Estate Planning Council on “Bang, Bang, Fido: Firearms Law and Pet Trusts.”

Clients who want peace of mind and sound legal contracts in place, ensuring their wishes are secure, contact Lynch Murphy McLane LLP. We can help.