Estate Planning Tigard, OR
Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. He has over 22 years experience and can help you structure your affairs so that there is less exposure to 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.
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 provides the following services for estate planning:
- Probate and Trust/Estate Litigation
- Elder law and estate planning
- Revocable Living Trusts and Wills
- Guardianship/Conservatorship
- Digital Assets Estate Planning
- Planning for blended families
- Estate planning for same-sex couples
- Business succession planning
- Charitable Planning
- International Estate Planning
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Probate and Trust/Estate Litigation Tigard, 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. Beneficiaries may have disagreements about the assets' value and distribution during probate or trust administration. 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 provides counsel and advice to executors, beneficiaries, trustees and beneficiaries in all aspects of disputes and litigation.
Elder Law and Estate Planning near Tigard, OR
As family members age, it's important to understand their wishes for the future and have these documented in accordance with the law. Assets that are held by an elderly or disabled client should be protected in the event of their death. They may also need medical attention. 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 help with the application process, including handling appeals and hearings, and ensuring our clients continue to qualify for Medicaid.
Guardianship/Conservatorship Tigard, OR
Persons may lose the ability to manage their personal and financial affairs if they become physically or mentally disabled. In such cases, the court can grant that authority to another person making them the 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 near Tigard, 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 appoints an executor to represent the estate of the deceased client in probate court. 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 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 trusts are very useful when a client is approaching a certain age, or has a medical condition requiring assistance with their finances. Revocable living trusts can be used to avoid probate and allow the estate administrator to save time as well as money.
Digital Assets Estate Planning near Tigard, 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.
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 near Tigard, OR
In recent years, blended families have been more common than ever with half of all marriages ending up in divorce. When one or both remarried spouses brought children from previous relationships into the marriage, this can complicate estate planning for such families.
Every family, including every blended family, is different. Each spouse must decide where they want to share their estate. This could be among their biological children or a mix of stepchildren, biological children and their spouse. 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.
Estate Planning for Same-Sex Couples Tigard, 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. 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. 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 in Tigard, OR
J Mishkin Law works with many 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.
Every sole proprietorship should have an exit strategy in place for any eventuality. This involves choosing a successor, developing a training plan, and establishing putting your successor in place if and when the time comes.
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.
Charitable Planning Tigard, OR
You might consider charitable planning if you give regularly to charities. Charitable trusts have tax benefits that can be significant. J Mishkin law has experience in helping our clients organize for charitable gifts of all sizes. 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. They can be very beneficial because the client has full control over the administration and is able to claim charitable income tax deductions.
International Estate Planning Tigard, OR
Wills may not be recognized in certain countries depending on the laws of that country. 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 circumstances, we consider your individual situation and apply a multi-jurisdictional perspective to it. J Miskin law understands the implications of international estate planning, including their taxes, assets and liabilities.
Contact a Tigard, 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. Children and other beneficiaries could receive less than half the wealth of their family.
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. You create your own plan that will fully satisfy both you and your family.
Meanwhile, he provides generational planning for your family's wealth to be optimally retained and administered to future generations. Own a business? He can assure business continuity and value for your family, shareholders, 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 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
Have Estate Planning Questions? Contact Us
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.