Estate Planning Hillsboro, OR

estate planning oregon

Jonathan Mishkin works as an estate planning attorney in Oregon. He has offices in Portland, Bend, and West Linn. His over 20 years of expertise will allow him to help you plan your affairs to avoid probate and reduce estate tax.

Mr. Mishkin makes use of partnerships/LLCs and revocable trusts. His goal is to maximize the income and estate tax benefits for clients and lower their overall tax burden. He allows clients to choose when they want to transfer control of their assets to the next generations.

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 of Jonathan D Mishkin provides the following services for estate planning:

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Probate and Trust/Estate Litigation near Hillsboro, 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 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. To save time, money, and sometimes, family relationships, it is best to address probate and administration issues early.

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 Hillsboro, 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. Any assets that an elderly client or someone who becomes incapacitated will need to be secured. They may also need medical attention. Both these will require planning as to which type of conservatorship or trust is best, how to cover medical costs, and the creation of networks that can provide quality and competent 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 Hillsboro, OR

If a person becomes physically or mentally disabled, they may no longer be able to handle their own personal or financial affairs. In such cases, the court can grant that authority to another person making them the conservator or guardian.

The guardian can manage and control the physical and emotional care of the person. 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 near Hillsboro, 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 allows you to distribute assets and appoint guardians for minors.

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. Revocable living trusts can be used to avoid probate and allow the estate administrator to save time as well as money.

estate planning family
Digital Assets Estate Planning

Digital Assets Estate Planning Hillsboro, 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 photos uploaded online, social media histories and documents stored in online storage.

Many people overlook these assets. However, they can be very important, both financially and emotionally. 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 Hillsboro, OR

Since divorce is a common outcome in over 50% of marriages, blended families have become much more common recently. This can make estate planning more difficult for those families whose spouses have remarried and brought their children in from other relationships.

Every family, and every blended family, are 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 in Hillsboro, OR

Oregon has recognized same-sex marriage since 2014. The concept, however, is still relatively new in the United States. Domestic partners who are not married legally can benefit from the rights of the state but not necessarily at a federal level.

This can cause complications when it comes to 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. In these instances, and for many other reasons including estate tax, funeral arrangements, and guardianship of any children, an estate plan is essential.

Business Succession Planning in Hillsboro, 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.

A succession plan should be prepared for sole proprietorships in the event of an unfortunate event. This involves naming a successor and creating a training program. If the time comes, you will need to put your successor in place.

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 Hillsboro, OR

If you regularly give to charity you might want to include charitable planning in your estate plans. Charitable trusts can have significant tax benefits, and at J Mishkin Law we have experience in assisting our clients arrange for all sizes and variations 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.

A private foundation may be an option for clients with large estates that intend to leave a part of their estate to charity. These are beneficial for clients who want to retain control over their affairs while still receiving favorable income tax charitable deductions.

International Estate Planning in Hillsboro, OR

Some countries may not recognize wills made in the United States, depending on their laws. 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 your circumstances, we consider your individual situation and apply a multi-jurisdictional perspective to it. J Miskin Law is familiar with the impacts of international estate plans and the associated taxes, assets, as well as liabilities.

International Estate Planning

Contact a Hillsboro, 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. Consequentially, children and other beneficiaries may receive less than half of the family's wealth.

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 provides generational planning that ensures your family's wealth will be retained for future 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 will help you wherever and whenever you need him. 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

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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.