Estate Planning Beaverton, OR

estate planning oregon

Jonathan Mishkin is an estate planning attorney with offices throughout Oregon in Portland, Bend, and West Linn. His 20-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. This is done while giving the client the option to decide when to give control to the next generation.

A Will or Revocable Living Trust doesn't mitigate state taxes but can maximize privacy while reducing the time and cost for probate.

The Law Office Jonathan D Mishkin offers you the following estate planning services:

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Probate and Trust/Estate Litigation near Beaverton, OR

Probate proceedings may be necessary to settle the estate of a deceased person. The Will is the document that guides probate and expresses the wishes of the deceased.

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. As these issues are typically amongst family members, emotions can come to the forefront and make a tough situation even more difficult. It is better to deal with probate and administration issues promptly to save time, costs, and in some instances, family relationships.

Our estate planning firm provides representation, counsel, and advice regarding disputes and litigation to trustees, beneficiaries, and executors.

Elder Law and Estate Planning Beaverton, OR

It's crucial to know the wishes of family members as they age and to have these documents in line 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 care. 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.

Elder Law and Estate Planning
Guardianship & Conservatorship

Guardianship/Conservatorship near Beaverton, OR

Persons may lose the ability to manage their personal and financial affairs if they become physically or mentally disabled. 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. The conservator is responsible for managing financial affairs. 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 in Beaverton, 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 that designates an executor to handle the estate of a deceased client. This will allow for the distribution of assets and the appointment of guardians for minor children. It also allows for funeral arrangements to be directed.

A revocable living trust is a contract that outlines the rules the client has for assets to be held in their name. 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.

estate planning family
Digital Assets Estate Planning

Digital Assets Estate Planning near Beaverton, OR

Many clients' businesses and personal information are stored electronically thanks to the rapid advances in technology over the past decade. 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. 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 Beaverton, OR

In recent years, blended families have been more common than ever with half of all marriages ending up in divorce. 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 need to consider where to distribute parts of their estate, whether that be to the other spouse, among their biological children, a mixture of biological and stepchildren, or any other variation. 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.

Planning for Blended Families
Estate Planning for Same-Sex Couples

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. Couples in domestic partnerships that aren't legally married can still enjoy the benefits at the state, but not necessarily at federal level.

This can create problems in estate planning. In circumstances such as where a person dies without an estate plan in place, the surviving spouse may be ineligible to receive 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. An estate plan is vital in these cases, as well as for other reasons such estate tax, funeral arrangements, or guardianship of any children.

Business Succession Planning in Beaverton, OR

J Mishkin Law works with many 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 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.

Business Succession Planning
Charitable Planning

Charitable Planning near 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 are free to alter the charitable recipient at will and you can also create an income stream that can be used to provide an annuity to a loved one.

If clients have larger estates and plan to leave some of it to charity, they might also want to consider 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 Beaverton, OR

It depends on the laws of the country that executed the will. 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 impact of international estate planning on taxes, assets, liabilities, and other tax implications.

International Estate Planning

Contact a Beaverton, 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, income and estate taxes can add up to 75 percent to certain forms of wealth like IRAs or pretax 401(k) plans. As a result, children and other beneficiaries might receive less that half of the family wealth.

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. Your plan will be able to satisfy both you and your family.

He also provides generational planning to ensure your family's wealth is preserved and passed on to the next generations. Are you a business owner? He can assure business continuity and value for your family, shareholders, employees and customers.

Losing a loved one is hard enough without an estate planning attorney. Mr. Mishkin will help you wherever and whenever you need him. 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

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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.

estate-plan-optimized