Estate Planning Hilsboro, OR

estate planning oregon

Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. With over 20 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 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 does this while offering the client the ability to select the appropriate time to cede control over assets to the next generation.

Although a Will or Revocable Living Trust does not avoid state taxes, it can help maximize privacy and decrease the cost of probate.

The Law Office of Jonathan D Mishkin offers these estate planning services:

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Probate and Trust/Estate Litigation Hilsboro, 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. It is better to deal with probate and administration issues promptly to save time, costs, and in some instances, family 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 in Hilsboro, 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 require medical treatment. These two issues require planning around how to fund medical care and what type of trust or conservatorship to use.

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 Hilsboro, 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.

Guardianship allows the guardian to take over and manage the physical care and custody of a person. However, a conservator is responsible for the financial affairs of the person. We recognize that the appointment or both of these people is an emotional time for everyone involved. We work with you to reach the ultimate goal, which is to secure the person's financial and/or medical needs.

Revocable Living Trusts and Wills Hilsboro, 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 for the distribution and appointment of guardians for minors, as well as the management of funeral arrangements.

A revocable living trust is a contract that outlines the rules the client has for assets to be held in their name. These trusts are very useful when a client is approaching a certain age, or has a medical condition requiring assistance with their 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 in Hilsboro, 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 Hilsboro, 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, and every blended family, are different. Both spouses must consider how to divide their estate. It can be divided among their biological children, stepchildren or a combination of them. At J Mishkin Law we understand the intricacies behind such decisions, and help you to consider all of your options to make the best decision for you and your family.

Planning for Blended Families
Estate Planning for Same-Sex Couples

Estate Planning for Same-Sex Couples Hilsboro, 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 cause complications when it comes to 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. 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. 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 Hilsboro, OR

Many of our clients at J Mishkin Law are small business owners. No matter the size of your business, you should have a plan to protect it in case the owner passes away, becomes disabled or retires.

Any sole proprietorship should have a succession plan in case of any such event. This includes creating a plan for training, choosing a successor, and setting up a process to place your successor if needed.

A buyout or buy-sell contract can be created for partnerships businesses. It details information such as who is allowed to buy shares, who must be bought out and what could trigger a buyout.

Business Succession Planning
Charitable Planning

Charitable Planning Hilsboro, OR

You might consider charitable planning if you give regularly to charities. 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 have the option to change the charitable recipient at any point in time. Additionally, you can create an income stream that is similar to annuity for a loved one.

Clients with larger estates who intend to leave a portion of their estate to charity may also consider forming a private foundation. 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 Hilsboro, 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 circumstances, we consider your individual situation and apply a multi-jurisdictional perspective to it. At J Miskin Law we understand the effects of international estate planning and their associated taxes, assets, and liabilities.

International Estate Planning

Contact a Hilsboro, OR Estate Planning Attorney Today

Affluent families may lose almost 50% of their wealth if they don't plan for estate tax. Federal estate taxes are levied on the estates of surviving spouses. States also take estate taxes. 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, 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.

Meanwhile, he provides generational planning for your family's wealth to be optimally retained and administered to 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 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 respects the past and prepares for the future through reliable, efficient 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.