Fillable Form Or706 - Schedule Osmp - Oregon Special Marital Property (Page 3 of 3) in pdf

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Schedule OSMP

Consent to Establishment of

Oregon Special Marital Property

For use with Form OR706

Election to be signed by all permissible distributees except the surviving spouse: Each of the undersigned acknowledge

and consent to a portion of the ___________________________________________________(name of trust or other property

interest) being set aside as a separate share or trust in order to qualify for the Oregon special marital property election in

accordance with ORS 118.013, for the primary purpose of reducing or eliminating the Oregon estate tax due on the estate of

_______________________ (name of decedent). The undersigned together with the surviving spouse constitute all of the per-

sons living on the date of this election who may be entitled to a distribution during the lifetime of the surviving spouse from

the ________________________________________________ (name of trust or other property interest). Each of the undersigned,

both on behalf of the undersigned and on behalf of the unborn lineal descendants of the undersigned, irrevocably agrees to

release all rights to any current interest in the Oregon special marital property during the lifetime of the surviving spouse.

Each of the undersigned agrees that all other provisions of the ____________________________________________________

(name of trust or other property interest) shall remain in effect and that, upon the death of the surviving spouse, any re-

maining Oregon special marital property shall be distributed as otherwise provided in the trust or other property interest.

Signature of:

(permissible distributee)

Signature of:

(permissible distributee)

Signature of:

(permissible distributee)

Signature of:

(permissible distributee)

If more signature lines are needed, attach a continuation schedule.

Subscribed and sworn to before me this

day of

, 2

Notary Public of Oregon

My commission expires:

Election to be signed by the surviving spouse: I am the surviving spouse of _______________________ (name of decedent).

I acknowledge and consent to a portion of the ___________________________________________ (name of trust or other prop-

erty interest) being set aside as a separate share or trust in order to qualify as Oregon special marital property under ORS

118.013, for the primary purpose of reducing or eliminating the Oregon estate tax due on the estate of ___________________

(name of decedent). I, together with all of the other individuals executing the election in accordance with ORS 118.013,

constitute all of the persons living on the date of this election who are permissible distributees or who may be entitled to a

distribution from the Oregon special marital property to which this election applies. I agree that all other terms, conditions

and provisions that apply to the ____________________________________________ (name of trust or other property interest)

shall apply to the Oregon special marital property to which this election applies, and that upon my death, any remaining

Oregon special marital property shall be distributed as otherwise provided in the trust or other property interest.

Signature of:

(surviving spouse)

Subscribed and sworn to before me this

day of

, 2

Notary Public of Oregon

My commission expires:

Attach to Form OR706, with Oregon only Schedule M, and Schedule OSMP calculation

150-104-004 (Rev. 06-12)

Schedule OSMP for Form OR706, page 2 of 2

Form Or706 - Schedule Osmp - Oregon Special Marital Property Page 3

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