Estate Planning Attorney Deschutes, OR

estate planning oregon

Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. With over 22 years of experience, he can work with you to structure your affairs to reduce exposure to the imposition of the estate tax and avoidance of 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.

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 provides the following services for estate planning:

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Probate and Trust/Estate Litigation near Deschutes, OR

After a person dies, probate proceedings may be required in order to manage their affairs. The Will, which reflects the wishes of the deceased, acts as a guideline in probate.

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. Because these issues are usually among family members, emotions can be strong and make it 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 near Deschutes, OR

It is important for aging family members to be able to articulate their future wishes and have them documented according the law. Any assets that an elderly client or someone who becomes incapacitated will need to be secured. They may also need medical attention. These two issues require planning around how to fund medical care and what type of trust or conservatorship to use.

We understand how planning for long-term care and the processes behind qualifying for Medicaid can be daunting. We can help you complete and submit your applications, handle any appeals or hearings, and ensure that our clients remain eligible for Medicaid.

Elder Law and Estate Planning Lawyer Portland
Guardianship & Conservatorship Lawyer Portland

Guardianship/Conservatorship in Deschutes, OR

A person may become mentally or physically disabled and cannot manage their financial or personal affairs. In these cases, the court may give this authority to another person, naming them 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 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 Deschutes, 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 that names an executor to manage the estate of the client who is deceased. 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 life trust acts as a private contract agreement that specifies the rules of a client regarding assets to be used for the benefit of heirs or 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.

estate planning family
Digital Assets Estate Planning

Digital Assets Estate Planning near Deschutes, 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 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. Having a digital asset estate plan addresses the management and distribution of such digital assets to reduce the risk of additional administrative burdens while preserving your sentimental documents and images.

Planning for Blended Families in 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, 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 understands the complexities of such decisions and can help you consider all options to make the right decision for your family.

Planning for Blended Families
Estate Planning for Same-Sex Couples

Estate Planning for Same-Sex Couples Deschutes, 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. 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 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 creating a plan for training, choosing a successor, and setting up a process to place your successor if needed.

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.

Business Succession Planning Portland
Charitable Planning

Charitable Planning Deschutes, 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 retain the right to change the charitable recipient over time, and can create an income stream that replicates 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 Deschutes, 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, no matter how complex it may seem, we can take your individual circumstances and consider them from a multi-jurisdictional angle. J Miskin law understands the implications of international estate planning, including their taxes, assets and liabilities.

International Estate Planning

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. 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, estate lawyer, designs plans to maximize tax code benefits while focusing on your specific objectives. He can help you make the right decisions by listening to all your goals and objectives. 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. Do you 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. Mishkin honors the past while planning for the future by providing reliable estate administration.

Your Nearest Office

390 SW Columbia Street
Suite 120
Bend, OR 97702

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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.