Estate Planning Hillsboro, OR
Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. His 22+ years of experience will help you organize your affairs to minimize exposure to estate tax and avoid probate.
Mr. Mishkin utilizes revocable and irrevocable trusts, partnerships/LLCs, and charitable entities with the goal of maximizing available income and estate tax benefits to reduce the client's overall tax burden. He does this while offering the client the ability to select the appropriate time to cede control over assets to the next generation.
While a well-drafted foundational estate plan (i.e.a Will or Revocable Living Trust) does not mitigate state taxes, we are able to maximize privacy and reduce the time and cost of probate.
The Law Office Jonathan D Mishkin offers you the following estate planning services:
- Probate and Trust/Estate Litigation
- Elder law and estate planning
- Revocable Living Trusts and Wills
- Guardianship/Conservatorship
- Digital Assets Estate Planning
- Planning for blended families
- Estate planning for same-sex couples
- Business succession planning
- Charitable Planning
- International Estate Planning
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Probate and Trust/Estate Litigation near Hillsboro, OR
A probate proceeding may be necessary in order to deal with the affairs of the deceased following a death. The Will acts as the guideline to probate, expressing the person's wishes.
This is not always an easy process. Beneficiaries might disagree about the asset value or distribution of the assets during the probate and trust administration periods. Emotions can become a problem when these issues are among family members. It is important to resolve probate or administration issues quickly to avoid cost and time and, in some cases, to preserve familial relationships.
Our estate planning firm provides counsel and advice to executors, beneficiaries, trustees and beneficiaries in all aspects of disputes and litigation.
Elder Law and Estate Planning Hillsboro, OR
As family members age, it's important to understand their wishes for the future and have these documented in accordance with the law. If an elderly or unwell client becomes incapacitated, any assets they have will need to be protected. They may also need medical attention. Both of these require planning in regards to what type of conservatorship or trust to use, how to pay for medical care, and ensuring proper networks are in place to provide competent and quality care.
We understand the difficulty of planning for long-term health care and the daunting nature of qualifying to Medicaid. We can help with the application process, including handling appeals and hearings, and ensuring our clients continue to qualify for Medicaid.
Guardianship/Conservatorship Hillsboro, OR
If a person becomes physically or mentally disabled, they may no longer be able to handle their own personal or financial affairs. In such cases, the court can grant that authority to another person making them the conservator or guardian.
The guardian can manage and control the physical and emotional care of the person. The conservator is responsible for managing financial affairs. We recognize that the appointment or both of these people is an emotional time for everyone involved. We work with you to reach the ultimate goal, which is to secure the person's financial and/or medical needs.
Revocable Living Trusts and Wills in Hillsboro, OR
These are two documents that can be used as a foundation of an estate planning plan, however only one is needed.
A Will is a document which appoints an executor who will represent the estate of the deceased client before probate court. This allows for the distribution and appointment of guardians for minors, as well as the management of funeral arrangements.
A revocable living trust acts as a private, contractual agreement that details the rules a client has regarding their assets to be held for the benefit or heirs and other beneficiaries. These trusts can be especially helpful in situations where the client reaches a certain stage of life or has a medical condition that requires assistance with finances. A revocable living trust will help to eliminate the need for probate, allowing the person managing the estate to save both time and money.
Digital Assets Estate Planning Hillsboro, OR
Many of our clients have their personal and business data stored electronically due to rapid technological advancements over the past few decades. Digital assets can include things like photos you have uploaded online, social media histories, and documents in online storage services.
Although many people may not think of these assets, they can be important for financial or emotional reasons. Having a digital asset estate plan addresses the management and distribution of such digital assets to reduce the risk of additional administrative burdens while preserving your sentimental documents and images.
Planning for Blended Families near Hillsboro, OR
In recent years, blended families have been more common than ever with half of all marriages ending up in divorce. The estate planning process can be complicated for blended families when one or both of the remarried spouses has brought in children from previous relationships.
Every family, including blended families, is unique. Both spouses must consider how to divide their estate. It can be divided among their biological children, stepchildren or a combination of them. J Mishkin Law is familiar with the details behind these decisions. We can help you weigh up all your options and make the best decision possible for you and your loved ones.
Estate Planning for Same-Sex Couples Hillsboro, OR
Oregon has recognized same-sex marriage since 2014. The concept, however, is still relatively new in the United States. Couples in domestic partnerships that aren't legally married can still enjoy the benefits at the state, but not necessarily at federal level.
This could cause problems when estate planning is concerned. In some events where one partner dies, the spouse who is left behind may not be entitled to any inheritance if there is no will in place. In these cases, the assets will be passed to the deceased's blood relatives, which may not be in accordance with that person's actual wishes. An estate plan is necessary in these cases and for many other reasons, including estate tax, funeral arrangements and guardianship over any children.
Business Succession Planning in Hillsboro, OR
J Mishkin Law is often contacted by small-business owners. Whether a business is large or small, it's important to have a plan in place for the business in the case of the owner passing away, developing a disability, or retiring.
A succession plan should be prepared for sole proprietorships in the event of an unfortunate event. This includes creating a plan for training, choosing a successor, and setting up a process to place your successor if needed.
In order to create a buyout/buy-sell agreement for partnership companies, which details information such a who can purchase shares, who has to be bought out, what is the trigger for a buyout.
Charitable Planning Hillsboro, OR
Consider charitable planning for your estate plan if you are a regular donor to charity. Charitable trusts have tax benefits that can be significant. J Mishkin law has experience in helping our clients organize for charitable gifts of all sizes. You can change the charity recipient at any time and create an income stream to your loved ones that is similar to an annuity.
If clients have larger estates and plan to leave some of it to charity, they might also want to consider a private foundation. These are beneficial for clients who want to retain control over their affairs while still receiving favorable income tax charitable deductions.
International Estate Planning near Hillsboro, OR
It depends on the laws of the country that executed the will. Many of our American clients have assets or beneficiaries all over the world. Other clients may not have US citizenship but have US affairs.
No matter your circumstances, we consider your individual situation and apply a multi-jurisdictional perspective to it. J Miskin Law understands the impact of international estate planning on taxes, assets, liabilities, and other tax implications.
Contact a Hillsboro, OR Estate Planning Attorney Today
An estate plan is essential for wealthy families. If a spouse dies, federal estate taxes can cause a family's wealth to drop by nearly 50 percent. State taxes take even more. Even worse, income taxes and estate taxes can be combined for 75 percent on certain wealth forms, including pretax 401(k) and IRAs. Consequentially, children and other beneficiaries may receive less than half of the family's wealth.
Mr. Mishkin, estate lawyer, designs plans to maximize tax code benefits while focusing on your specific objectives. By closely listening to your specific perspectives, goals and needs, he can counsel you on the best decisions with suitable recommendations. Your plan will be able to satisfy both you and your family.
He provides generational planning that ensures your family's wealth will be retained for future generations. Do you own a business? He can ensure business continuity and value to your family, shareholders and employees, as well as customers.
It is hard enough to lose a loved ones without an estate planning lawyer. Mr. Mishkin can help you when and where you need him, providing post-mortem planning and documents by deadlines. Mishkin honors the past while planning for the future by providing reliable estate administration.
Your Nearest Office
4380 S Macadam Ave
Suite 190
Portland, OR 97239
Have Estate Planning Questions? Contact Us
Need estate planning information?
Get your Estate Planning FREE PDF download which teaches you
5 important reasons you need an estate plan.
Click on the download link below.