Do I Need To Update My EP If I Move To Another State?

By Patricia Louise Nelson

One question I get asked a lot is “I moved to Bend from another state. Do I need to update my estate plan?”  The answer is likely “yes,” especially if you are married or the out-of-state estate plan is more than 7 years old.  Technically, an estate plan created in another state will almost certainly work in Oregon.  However, out-of-state estate plans usually do not have provisions necessary to plan ahead to reduce your Oregon Estate Tax liability.  Planning ahead for a married couple can reduce your Oregon Estate Tax liability by upward of $100,000.  Call us to find out how and what’s involved so we can ensure that your estate does not write large, avoidable checks to the Oregon Department of Revenue. 

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