Estate Planning Hillsboro, OR

estate planning oregon

Jonathan Mishkin is an estate planning lawyer with offices in Oregon's Portland, Bend and West Linn. 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. He does this while offering the client the ability to select the appropriate time to cede control over 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 Jonathan D Mishkin offers you the following estate planning services:

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Probate and Trust/Estate Litigation in Hillsboro, OR

After a person dies, probate proceedings may be required in order to manage their affairs. The Will acts as the guideline to probate, expressing the person's wishes.

This can be a difficult 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 important to resolve probate or administration issues quickly to avoid cost and time and, in some cases, to preserve familial relationships.

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

Elder Law and Estate Planning in Hillsboro, OR

As family members age, it's important to understand their wishes for the future and have these documented in accordance with the law. If an elderly or unwell client becomes incapacitated, any assets they have will need to be protected. They may also require medical treatment. 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 know how difficult it can be to plan for long-term care and qualifying for Medicaid. We can assist you with filling out and submitting your application, as well as handling any appeals and hearings, as well as remaining qualified for Medicaid.

Elder Law and Estate Planning
Guardianship & Conservatorship

Guardianship/Conservatorship in 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 make another person the guardian or conservator.

In the case of guardianship, this enables the guardian to manage and control a person's physical care and custody. However, a conservator is responsible for the financial affairs of the person. 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 in Hillsboro, 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 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. A revocable living trust for living will eliminate probate. This will allow the person who manages the estate to save both money and time.

estate planning family
Digital Assets Estate Planning

Digital Assets Estate Planning near Hillsboro, OR

Many of our clients have their personal and business data stored electronically due to rapid technological advancements over the past few decades. Digital assets include photos, documents, social media histories, as well as digital assets such as photos and documents that you upload online.

These assets can be valuable financially, emotionally, and even both, though many people don't consider them. 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 near Hillsboro, OR

Blended families are becoming more popular in recent years, with over half of all marriages ending in divorce. 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 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 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 near Hillsboro, 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 cause complications when it comes to estate planning. If a person dies with no estate plan, the spouse who survives may not be eligible for any inheritance. 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 near Hillsboro, OR

Many of our clients at J Mishkin Law 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 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 Hillsboro, OR

Consider charitable planning for your estate plan if you are a regular donor to charity. 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 near Hillsboro, 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 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 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. 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. As a result, children and other beneficiaries might receive less that half of the family wealth.

Mr. Mishkin, an estate lawyer, creates plans that take advantage of every tax code nuance and works hard to understand your objectives. By closely listening to your specific perspectives, goals and needs, he can counsel you on the best decisions with 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.

Losing a loved one is hard enough without an estate planning attorney. 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 honors the past while planning for the future by providing reliable 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.