Estate Planning Attorney La Pine, OR
Jonathan Mishkin is an estate planning lawyer with offices in Oregon's Portland, Bend and West Linn. His over 22 years of expertise will allow him to help you plan your affairs to avoid probate and reduce estate tax.
Mr. Mishkin employs irrevocable and irrevocable partnerships/LLCs, trusts, charitable entities, and partnerships/LLCs to maximize income and reduce client's 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.
Although a Will or Revocable Living Trust does not avoid state taxes, it can help maximize privacy and decrease the 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 near La Pine, OR
After a person dies, probate proceedings may be required in order to manage their affairs. The Will serves as the guideline for probate and outlines the person's wishes.
This is not always an easy task. During the probate and trust administration period, beneficiaries may disagree on the value of assets and how those assets are to be distributed. These issues are often among family members and emotions can rise to the surface, making a difficult situation even more complicated. To save time, money, and sometimes, family relationships, it is best to address probate and administration issues early.
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 La Pine, OR
As family members age, it's important to understand their wishes for the future and have these documented in accordance with the law. Assets that are held by an elderly or disabled client should be protected in the event of their death. 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 that planning for long term care can be difficult and we are familiar with the process of qualifying for Medicaid. We can assist you with filling out and submitting your application, as well as handling any appeals and hearings, as well as remaining qualified for Medicaid.
Guardianship/Conservatorship near La Pine, 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.
In the case of guardianship, this enables the guardian to manage and control a person's physical care and custody. However, the conservator is responsible to manage the person's finances. We know that the appointment of either one or both of these conservators is an emotionally charged process. Therefore, we work together to achieve the ultimate goal of protecting the person's financial and medical needs.
Revocable Living Trusts and Wills near La Pine, OR
These documents are separate, but only one of them is required to be the foundation for an estate plan.
A Will is a document which appoints an executor who will represent the estate of the deceased client before probate court. This allows you to distribute assets and appoint guardians for minors.
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 are very useful when a client is approaching a certain age, or has a medical condition requiring assistance with their finances. Revocable living trusts can be used to avoid probate and allow the estate administrator to save time as well as money.
Digital Assets Estate Planning in La Pine, 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.
These assets can be valuable financially, emotionally, and even both, though many people don't consider them. A digital asset estate plan is designed to manage and distribute digital assets. This will reduce administrative burdens and preserve your sentimental documents.
Planning for Blended Families in La Pine, OR
Since divorce is a common outcome in over 50% of marriages, blended families have become much more common recently. When one or both remarried spouses brought children from previous relationships into the marriage, this can complicate estate planning for such families.
Every family, and every blended family, are different. Both spouses should consider where their estate will be distributed, to whom, to their biological children, to their stepchildren, or to any other combination. J Mishkin Law understands the complexities of such decisions and can help you consider all options to make the right decision for your family.
Estate Planning for Same-Sex Couples La Pine, OR
Oregon has recognized same-sex marriage since 2014. The concept, however, is still relatively new in 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. If a person dies with no estate plan, the spouse who survives may not be eligible for any inheritance. In such cases, assets will be given to the deceased's family members, which may not be according to the person's wishes. In these instances, and for many other reasons including estate tax, funeral arrangements, and guardianship of any children, an estate plan is essential.
Business Succession Planning La Pine, OR
J Mishkin Law has many clients who are small-business owners. It doesn't matter how small or large a business may be, it is important to have a plan for the business 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 creating a plan for training, choosing a successor, and setting up a process to place your successor if needed.
You can make a buyout agreement for partnership businesses. This will detail information like who can buy shares and whether or not the partner must be purchased out.
Charitable Planning near La Pine, OR
You might consider charitable planning if you give regularly to charities. Charitable trusts can have significant tax benefits, and at J Mishkin Law we have experience in assisting our clients arrange for all sizes and variations of charitable gifts. You have the option to change the charitable recipient at any point in time. Additionally, you can create an income stream that is similar to annuity for 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. These can be beneficial as the client retains control over management while securing favorable income tax charitable deductions.
International Estate Planning La Pine, OR
Wills may not be recognized in certain countries depending on the laws of that country. 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. At J Miskin Law we understand the effects of international estate planning and their associated taxes, assets, and liabilities.
Contact a La Pine, 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. Worse yet, certain forms of wealth, such as pre-tax 401(k) plans and IRAs, can swell income and estate taxes combined to 75 percent. Consequentially, children and other beneficiaries may receive less than half of the family's wealth.
Mr. Mishkin is an estate lawyer who helps clients create plans that maximize every tax code benefit and work hard to understand their unique goals. He can help you make the right decisions by listening to all your goals and objectives. Your plan will be able to satisfy both you and your family.
He will also provide generational planning so that your family's wealth can be preserved optimally and handed to the future generations. Do you own a business? He can assure business continuity and value for your family, shareholders, employees and customers.
It is hard enough to lose a loved ones without an estate planning lawyer. Mr. Mishkin can assist you at any time and place you require him. He will provide post-mortem planning services and timely documents. Mishkin respects the past and prepares for the future through reliable, efficient 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.