Estate Planning Beaverton, OR
Jonathan Mishkin works as an estate planning attorney in Oregon. He has offices in Portland, Bend, and West Linn. He has over 22 years experience and can help you structure your affairs so that there is less exposure to probate.
Mr. Mishkin employs irrevocable and irrevocable partnerships/LLCs, trusts, charitable entities, and partnerships/LLCs to maximize income and reduce client's tax burden. While doing this, he allows the client to choose the right time to hand over control of 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 offers these 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 Beaverton, OR
Probate proceedings may be necessary to settle the estate of a deceased person. The Will serves as the guideline for probate and outlines the person's wishes.
This is not always an easy task. 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 best to resolve probate and administration issues as early as possible to save time, cost, and in some cases, 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 in Beaverton, 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 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 that planning for long term care can be difficult and we are familiar with the process of 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 Beaverton, OR
A person may become mentally or physically disabled and cannot manage their financial or personal affairs. In such cases, the court can grant that authority to another person making them the conservator or guardian.
This allows the guardian the power to manage and control the person's custody and physical care. A conservator, however, is responsible for managing the person's financial matters. We understand the appointment of one or both of these is an emotional process for all involved, and work with you towards the ultimate goal of securing the person's medical and/or financial 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 will allow for the distribution of assets and the appointment of guardians for minor children. It also allows for funeral arrangements to be directed.
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 near Beaverton, OR
Thanks to the rapid advancement of technology over the last few decades, many of our clients' businesses and personal data is now stored electronically. 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. 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 Beaverton, OR
With over 50% of marriages ending in divorce, blended families have become much more common in recent times. This can make estate planning more difficult for those families whose spouses have remarried and brought their children in from other relationships.
Every family, including every blended family, is 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 can help you understand the complex issues behind such decisions.
Estate Planning for Same-Sex Couples in 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 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 in Beaverton, OR
J Mishkin Law has many clients who are 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.
Any sole proprietorship should have a succession plan in case of any such event. This includes creating a plan for training, choosing a successor, and setting up a process to place your successor if needed.
A buyout or buy-sell contract can be created for partnerships businesses. It details information such as who is allowed to buy shares, who must be bought out and what could trigger a buyout.
Charitable Planning near Beaverton, OR
If you regularly give to charity, you may wish to consider charitable planning in your estate plan. 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 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. These can be beneficial as the client retains control over management while securing favorable income tax charitable deductions.
International Estate Planning near Beaverton, OR
Some countries may not recognize wills made in the United States, depending on their laws. 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 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
Without estate tax planning, an affluent family may see their wealth decrease by almost 50 percent due to federal estate taxes when a surviving spouse passes away and states take even more due to state estate taxes. It is worse to note that income and estate taxes combined can increase by 75 percent for certain types of wealth such as IRAs and 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. Mr. Mishkin will work with you to make the best decisions and provide appropriate recommendations by listening to your needs, goals, and perspectives. You create your own plan that will fully satisfy both you and your family.
Meanwhile, he provides generational planning for your family's wealth to be optimally retained and administered to future generations. 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 is available to help you whenever and wherever you need him. He can provide post-mortem planning as well as documents according to deadlines. Mishkin will respect the past while making plans for the future with a reliable and professional 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.