Estate Planning Attorney Redmond, OR
Jonathan Mishkin is an estate planning attorney with offices throughout Oregon in Portland, Bend, and West Linn. With over 22 years of experience, he can work with you to structure your affairs to reduce exposure to the imposition of the estate tax and avoidance of probate.
Mr. Mishkin makes use of partnerships/LLCs and revocable trusts. His goal is to maximize the income and estate tax benefits for clients and lower their 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 of Jonathan D Mishkin provides the following services for estate planning:
- 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 Redmond, OR
After a person dies, probate proceedings may be required in order to manage their affairs. The Will acts as the guideline to probate, expressing the person's wishes.
This is not always an easy task. Beneficiaries can disagree on the amount and distribution of assets during probate administration. Because these issues are usually among family members, emotions can be strong and make it even more difficult. To save time, money, and sometimes, family relationships, it is best to address probate and administration issues early.
Our estate planning firm represents beneficiaries, executors, and trustees with counsel and advice in relation to disputes and litigation.
Elder Law and Estate Planning near Redmond, 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 require medical treatment. 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 that planning for long term care can be difficult and we are familiar with the process of qualifying for Medicaid. We can help with the application process, including handling appeals and hearings, and ensuring our clients continue to qualify for Medicaid.
Guardianship/Conservatorship near Redmond, OR
Individuals who become mentally or physically disabled may not be able manage their financial and personal affairs. In such cases, the court can give that authority to another person, making them the person's guardian or conservator.
This allows the guardian the power to manage and control the person's custody and physical care. However, a conservator is responsible for the financial affairs of the person. 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 near Redmond, OR
These documents are not one and the same, so only one document is needed for an estate plan.
A Will is a document that names an executor to manage the estate of the client who is deceased. This allows for the distribution and appointment of guardians for minors, as well as the management of funeral arrangements.
Revocable living trusts are private contracts that specify the rules for a client's assets. These trusts are very useful when a client is approaching a certain age, or has a medical condition requiring assistance with their 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 in Redmond, 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 photos uploaded online, social media histories and documents stored in online storage.
Although many people may not think of these assets, they can be important for financial or emotional reasons. You can reduce administrative burdens by creating a digital estate plan that addresses digital assets management and distribution. It will also preserve your sentimental images and documents.
Planning for Blended Families near Redmond, OR
Blended families are becoming more popular in recent years, with over half of all marriages ending 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, even every blended family 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 can help you understand the complex issues behind such decisions.
Estate Planning for Same-Sex Couples near Redmond, OR
Same-sex marriage has been recognized in Oregon since 2014, but the concept overall is still a relatively new development within the United States. For couples in domestic partnerships who are not legally married, they can enjoy the benefits of their rights at the state level, but not necessarily at the federal level.
This can create problems in estate planning. 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. The assets of the deceased will be transferred to their blood relatives. This might not be in the deceased person's best interests. 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 Redmond, OR
Many of our clients at J Mishkin Law are small business owners. No matter the size of your business, you should have a plan to protect it in case the owner passes away, becomes disabled or retires.
Every sole proprietorship should have an exit strategy in place for any eventuality. This includes choosing a successor, creating a training plan and establishing the process of putting your successor in position if necessary.
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 Redmond, OR
You might consider charitable planning if you give regularly to charities. The tax benefits of charitable trusts are significant. J Mishkin Law has extensive experience helping clients to arrange for various sizes and types of charitable gifts. You retain the right to change the charitable recipient over time, and can create an income stream that replicates an annuity to a loved one.
Clients with larger estates who intend to leave a portion of their estate to charity may also consider forming a private foundation. They can be very beneficial because the client has full control over the administration and is able to claim charitable income tax deductions.
International Estate Planning Redmond, OR
Depending on the country and its laws, some countries may not recognize wills executed in other countries, such as the US. Our American clients often have assets and beneficiaries around the globe, while other clients might not be US citizens but still have US affairs.
No matter what your situation is, we will take into consideration your unique circumstances and view them through a multijurisdictional lens. J Miskin law understands the implications of international estate planning, including their taxes, assets and liabilities.
Contact a Redmond, OR Estate Planning Attorney Today
Affluent families can see their wealth decline by as much as 50 percent without effective estate planning. The federal estate taxes that are imposed on surviving spouses when they die could cause significant financial hardship. Additionally, states may take more estate taxes. Worse yet, income and estate taxes can add up to 75 percent to certain forms of wealth like IRAs or pretax 401(k) plans. Children and other beneficiaries could receive less than half the wealth of their family.
Estate lawyer Mr. Mishkin structures plans to benefit from every tax code nuance while working hard to understand your unique objectives. Mr. Mishkin will work with you to make the best decisions and provide appropriate recommendations by listening to your needs, goals, and perspectives. Together, you will create a plan that is fully satisfying for you both and your family.
Meanwhile, he provides generational planning for your family's wealth to be optimally retained and administered to future generations. Are you a business owner? He can guarantee business continuity for your family members, shareholders, employees, and customers.
Losing a loved one is hard enough without an estate planning attorney. Mr. Mishkin can assist you at any time and place you require him. He will provide post-mortem planning services and timely documents. Mishkin will respect the past while making plans for the future with a reliable and professional estate administration.
Your Nearest Office
390 SW Columbia Street
Suite 120
Bend, OR 97702
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.