Estate Planning Beaverton, OR
Jonathan Mishkin is an estate planning attorney with offices throughout Oregon in 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 uses revocable and irrevocable trusts and partnerships/LLCs as well as charitable entities to maximize available income and estate tax benefits in order to lower the client's tax burden. He allows clients to choose when they want to transfer control of their assets to the next generations.
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 offers 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 Beaverton, OR
A probate proceeding may be necessary in order to deal with the affairs of the deceased following a death. The Will serves as the guideline for probate and outlines the person's wishes.
This is not always an easy task. Beneficiaries may have disagreements about the assets' value and distribution during probate or trust administration. As these issues are typically amongst family members, emotions can come to the forefront and make a tough situation 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 offers counsel and representation to beneficiaries, trustees, and executors in disputes and litigation.
Elder Law and Estate Planning in Beaverton, OR
As family members age it is crucial to fully understand their future plans and make sure they are documented in compliance 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 know how difficult it can be to plan for long-term care and qualifying for Medicaid. We can assist with completing and submitting applications, handling any hearings and appeals, and ensuring our clients continue to qualify for Medicaid.
Guardianship/Conservatorship in Beaverton, OR
Individuals who become mentally or physically disabled may not be able manage their financial and personal affairs. In these cases, the court may give this authority to another person, naming them conservator or guardian.
The guardian can manage and control the physical and emotional care of the person. A conservator, however, is responsible for managing the person's financial matters. 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 Beaverton, 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 designates an executor to handle the estate of a deceased client. This then allows for the distribution of assets, the appointment of guardians for minor children, and the direction of funeral arrangements.
A revocable living trust is a contract that outlines the rules the client has for assets to be held in their name. 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 for living will eliminate probate. This will allow the person who manages the estate to save both money and time.
Digital Assets Estate Planning Beaverton, OR
Many of our clients' personal and business data, as well as their businesses, are now electronically stored thanks to the rapid development of technology in the last decade. Digital assets can include things like photos you have uploaded online, social media histories, and documents in online storage services.
These assets can be valuable financially, emotionally, and even both, though many people don't consider them. To reduce administrative burdens, a digital asset plan will help you manage these digital assets and protect your images and sentimental documents.
Planning for Blended Families in Beaverton, 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, even every blended family is unique. 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 can help you understand the complex issues behind such decisions.
Estate Planning for Same-Sex Couples near Beaverton, 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 cause complications when it comes to estate planning. If a person dies with no estate plan, the spouse who survives may not be eligible for any inheritance. 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. A comprehensive estate plan is required in these situations and many other circumstances, such as estate tax, funeral arrangements, and guardianship of any minor children.
Business Succession Planning Beaverton, 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.
In the event of a death or other emergency, every sole proprietorship should have a succession plan. This involves naming a successor and creating a training program. If the time comes, you will need to put your successor in place.
For partnership businesses, you can create a buyout or buy-sell agreement which details information such as who can buy shares, whether the partner must be bought out, and what can prompt a buyout.
Charitable Planning Beaverton, OR
You might consider charitable planning if you give regularly to charities. We have extensive experience helping clients set up charitable trusts of any size or variety. Charitable trusts can provide significant tax advantages. 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 Beaverton, 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 your situation, we take your individual circumstances and look at them through a multi-jurisdictional lens. J Miskin Law is familiar with the impacts of international estate plans and the associated taxes, assets, as well as liabilities.
Contact a Beaverton, OR Estate Planning Attorney Today
Affluent families may lose almost 50% of their wealth if they don't plan for estate tax. Federal estate taxes are levied on the estates of surviving spouses. States also take 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.
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 will listen to what you have to say and make suitable recommendations. Together, you will create a plan that is fully satisfying for you both and your family.
He also provides generational planning to ensure your family's wealth is preserved and passed on to the next generations. Have a business to run? He will ensure that your business is profitable and continues to be a source of income for your family, shareholders as well 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
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.