Oregon Code § 130.575·Enacted ·Last updated March 01, 2026
Statute Text
Effect
of advancement on distribution.
(1) If the value of an advancement made to a beneficiary under ORS 130.570
exceeds the beneficiarys share in the trust estate, the beneficiary shall be
excluded from any further share of the trust estate, but the beneficiary is not
required to refund any part of the advancement. If the value of the beneficiarys
share in the trust estate is greater than the value of all property received as
advancements, the beneficiary is entitled to receive from the trust estate the
balance of the share owing to the beneficiary after deducting all amounts
received as advancements.
(2) For the
purpose of determining the shares of the beneficiaries of either a residuary
gift or a class gift under a trust, the value of all advancements made by the
settlor to beneficiaries of such gift shall be added to the value of the total
property distributed pursuant to the gift, the sum then divided among all
beneficiaries of the gift, and the value of the advancement then deducted from
the share of the beneficiary to whom the advancement was made. [Formerly
128.397]
OFFICE OF TRUSTEE
Plain English Explanation
This Oregon statute addresses Effect
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 130.575
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Effect
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