James A. Elliott, Certified Public Accountant

Jim Elliott Photo

"I'm here to help you save time, money, and trouble"

5319 SW Westgate Dr.,
Suite 109
Portland, OR 97221
Tel:    503.292.2100
Fax:   503.292.9424

 

 

Here is how to calculate the value of your estate:

Include these items when adding up your estate’s assets:

  • Stock portfolio
  • Cash in savings or checking accounts
  • Real Estate (fair market values)
  • Businesses you own
  • Proceeds of life insurance policies owned by you on your life or the life of another person
  • Retirement plans
  • Annuities to be paid upon your death
  • Debts owed to you by others
  • Personal property: jewelry, automobiles, etc.

Your debts are subtracted to yield your net estate. The size of your estate determines whether or not estate tax returns will be needed.

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