Estate Planning Attorney Deschutes, OR
Jonathan Mishkin is an estate planning lawyer with offices in Oregon's 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 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. 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 Deschutes, OR
Probate proceedings may be necessary to settle the estate of a deceased person. The Will, which reflects the wishes of the deceased, acts as a guideline in probate.
This can be a difficult process. During the probate and trust administration period, beneficiaries may disagree on the value of assets and how those assets are to be distributed. As these issues are typically amongst family members, emotions can come to the forefront and make a tough situation even more difficult. 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 Deschutes, OR
It's crucial to know the wishes of family members as they age and to have these documents in line 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. These will require planning regarding the type of trust or conservatorship you want, how to pay for it, and making sure that there are adequate networks to ensure competent and high-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 you complete and submit your applications, handle any appeals or hearings, and ensure that our clients remain eligible for Medicaid.
Guardianship/Conservatorship in Deschutes, OR
A person may become mentally or physically disabled and cannot manage their financial or personal affairs. In such cases the court can make another person the guardian or conservator.
Guardianship allows the guardian to take over and manage the physical care and custody of a 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 in Deschutes, OR
These are two separate documents, and only one is needed to serve as the foundation of an estate plan.
A Will is a document that appoints an executor to represent the estate of the deceased client in probate court. 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 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 particularly useful for those who reach a certain age or have a medical condition that requires assistance with 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 Deschutes, 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.
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 near Deschutes, OR
With over 50% of marriages ending in divorce, blended families have become much more common in recent times. 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 Deschutes, 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. 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. These cases will see the assets being passed on to the deceased's relatives. This may not be in line with 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 near Deschutes, OR
Many of our clients at J Mishkin Law are small business owners. It doesn't really matter how big or small a company is, it's vital to have a plan in order for the business in the event of the owner passing away, becoming disabled, 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.
Charitable Planning Deschutes, OR
You might consider charitable planning if you give regularly to charities. Charitable trusts have tax benefits that can be significant. J Mishkin law has experience in helping our clients organize for charitable gifts of all sizes. 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.
A private foundation may be an option for clients with large estates that intend to leave a part of their estate to charity. 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 Deschutes, OR
It depends on the laws of the country that executed the will. Many of our American clients have assets and beneficiaries across the world, whereas other clients may not be US citizens but 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 Deschutes, 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. Even worse, income taxes and estate taxes can be combined for 75 percent on certain wealth forms, including pretax 401(k) and IRAs. Consequentially, children and other beneficiaries may receive less than half of the family's 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. In effect, you both develop your plan to fully satisfy you and your family.
He also provides generational planning to ensure your family's wealth is preserved and passed on to the next 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 will help you wherever and whenever you need him. Through proper, reliable estate administration, Mr. Mishkin respectfully honors the past while preparing for the future.
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.