Estate Planning Tigard, OR

estate planning oregon

Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. His 20-years of experience will help you organize your affairs to minimize exposure to estate tax and avoid 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. While doing this, he allows the client to choose the right time to hand over control of assets to the next generation.

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 in Tigard, OR

Following a death, probate proceeding may be required to sort out the person's affairs. The Will is the document that guides probate and expresses the wishes of the deceased.

This is not always an easy task. Beneficiaries might disagree about the asset value or distribution of the assets during the probate and trust administration periods. Emotions can become a problem when these issues are among family members. It is best to resolve probate and administration issues as early as possible to save time, cost, and in some cases, familial relationships.

Our estate planning firm represents beneficiaries, executors, and trustees with counsel and advice in relation to disputes and litigation.

Elder Law and Estate Planning in Tigard, OR

It is important for aging family members to be able to articulate their future wishes and have them documented according the law. If an elderly or unwell client becomes incapacitated, any assets they have will need to be protected. They will also require medical care. These two issues require planning around how to fund medical care and what type of trust or conservatorship to use.

We understand how planning for long-term care and the processes behind qualifying for Medicaid can be daunting. 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 in Tigard, OR

Persons may lose the ability to manage their personal and financial affairs if they become physically or mentally disabled. In these cases, the court may give this authority to another person, naming them conservator or guardian.

Guardianship allows the guardian to take over and manage the physical care and custody of a person. However, the conservator is responsible to manage the person's finances. 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 in Tigard, OR

These documents are not one and the same, so only one document is needed for an estate plan.

A Will is a document that designates an executor to handle the estate of a deceased client. 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 are especially useful in cases where reaches a certain age or develops a medical condition that mandates 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 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 can include photos uploaded online, social media histories and documents stored in online storage.

These assets can be valuable financially, emotionally, and even both, though many people don't consider them. 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. 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 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 can help you understand the complex issues behind such decisions.

Planning for Blended Families
Estate Planning for Same-Sex Couples

Estate Planning for Same-Sex Couples in Tigard, OR

Oregon has recognized same-sex marriage since 2014. The concept, however, is still relatively new in the United States. If a couple is not legally married but lives in a domestic partnership, they may be eligible for the state's rights, but not necessarily the federal.

This can lead to complications 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. 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 vital in these cases, as well as for other reasons such estate tax, funeral arrangements, or guardianship of any children.

Business Succession Planning near Tigard, OR

J Mishkin Law is often contacted by 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.

In the event of a death or other emergency, every sole proprietorship should have a succession plan. 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 Tigard, OR

Consider charitable planning for your estate plan if you are a regular donor to charity. 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 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.

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 in Tigard, 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 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 Tigard, OR Estate Planning Attorney Today

Without estate tax planning, an affluent family may see their wealth decrease by almost 50 percent due to federal estate taxes when a surviving spouse passes away and states take even more due to state estate taxes. Even worse, income taxes and estate taxes can be combined for 75 percent on certain wealth forms, including pretax 401(k) and IRAs. Children and other beneficiaries could receive less than half the wealth of their family.

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. Your plan will be able to satisfy both you 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 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.