The annual gift exclusion for 2020 is $15,000.

If a person dies and has a gross estate greater than $11,400,000, then a Federal Form 706 and Oregon Form 706 have to be filed. If the gross estate is less than $11,400,000 and over $1,000,000, and the deceased is an Oregon resident, then only the Oregon Estate Tax Form 706 is required to be filed.  For Washington State, the threshold is over $2,000,000 Gross estate includes any asset in the decedent’s name plus assets under control by the decedent at the time of his/her death plus an add back of all prior gift transfers.