Portland, OR estates & probate attorney Sara Winter talks about the strategies that can be used to lower estate taxes. When discussing estate tax savings with clients, there is no universal solution or single correct approach. Each estate plan is carefully tailored to fit the unique needs of each client. In these meetings, discussions center on the client’s family dynamics, goals, assets, interest in tax savings, and comfort level with adding complexity to the plan.

Some estate tax planning strategies may be as straightforward as annual gifting. Charitable planning can be incorporated either during the client’s lifetime or upon their death. Certain tax-efficient trusts may also be used to transfer asset appreciation outside the estate, reducing potential estate taxes. Additionally, some trusts can be designed to create liquidity to pay any anticipated tax obligations.