Estate Planning Beaverton, OR

estate planning oregon

Jonathan Mishkin is an estate planning attorney with offices throughout Oregon in Portland, Bend, and West Linn. He has over 20 years experience and can help you structure your affairs so that there is less exposure to probate.

Mr. Mishkin uses revocable and irrevocable trusts and partnerships/LLCs as well as charitable entities to maximize available income and estate tax benefits in order to lower the client's 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 reduce state taxes, we can maximize privacy and lower the 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 Beaverton, OR

After a person dies, probate proceedings may be required in order to manage their affairs. The Will is the document that guides probate and expresses the wishes of the deceased.

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. Emotions can become a problem when these issues are among family members. To save time, money, and sometimes, family relationships, it is best to address probate and administration issues early.

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

Elder Law and Estate Planning Beaverton, OR

It's crucial to know the wishes of family members as they age and to have these documents in line with the law. Any assets that an elderly client or someone who becomes incapacitated will need to be secured. 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 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 Beaverton, 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.

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 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 Beaverton, 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 which appoints an executor who will represent the estate of the deceased client before probate court. This allows you to distribute assets and appoint guardians for minors.

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 are especially useful in cases where reaches a certain age or develops a medical condition that mandates 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 Beaverton, 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 include photos, documents, social media histories, as well as digital assets such as photos and documents that you upload online.

While many people do not consider these assets, they can be important financially, emotionally, or both. 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 Beaverton, 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, even every blended family is unique. 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 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. Couples in domestic partnerships that aren't legally married can still enjoy the benefits at the state, but not necessarily at federal level.

This can create problems in estate planning. In circumstances such as where a person dies without an estate plan in place, the surviving spouse may be ineligible to receive 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. 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 near Beaverton, OR

J Mishkin Law works with many 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 involves choosing a successor, developing a training plan, and establishing putting your successor in place if and when the time comes.

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
Charitable Planning

Charitable Planning Beaverton, OR

If you regularly give to charity, you may wish to consider charitable planning in your estate plan. We have extensive experience helping clients set up charitable trusts of any size or variety. Charitable trusts can provide significant tax advantages. 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.

A private foundation may be an option for clients with large estates that intend to leave a part of their estate to charity. These foundations can be advantageous as clients retain control of the management and are eligible for income tax charitable deductions.

International Estate Planning near Beaverton, 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, we take your individual circumstances and look at them through a multi-jurisdictional lens. J Miskin Law understands the impact of international estate planning on taxes, assets, liabilities, and other tax implications.

International Estate Planning

Contact a Beaverton, 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. As a result, children and other beneficiaries might receive less that half of the family 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. Together, you will create a plan that is fully satisfying for you both and your family.

He will also provide generational planning so that your family's wealth can be preserved optimally and handed to the future generations. Are you a business owner? He can guarantee business continuity for your family members, shareholders, employees, and customers.

It is hard enough to lose a loved ones without an estate planning lawyer. Mr. Mishkin can help you when and where you need him, providing post-mortem planning and documents by 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

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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.