Gifting to reduce Estate Taxes: 

If it is possible your estate will exceed the Oregon $1 million exemption, you can give some of your assets away during your lifetime to minimize any Oregon estate tax. For the most part, Oregon does not consider pre-death gifts in the analysis. For federal law purposes, there is a gift tax on certain gifts. Federal Estate tax does include lifetime giving in determining the size of the estate. If there is a possibility your estate will exceed $5 million, you can use estate planning to minimize your tax obligations.