Estate Planning Attorney Tumalo, OR

estate planning oregon

Jonathan Mishkin works as an estate planning attorney in Oregon. He has offices in Portland, Bend, and West Linn. His 20-years of experience will help you organize your affairs to minimize exposure to estate tax and avoid probate.

Mr. Mishkin employs irrevocable and irrevocable partnerships/LLCs, trusts, charitable entities, and partnerships/LLCs to maximize income and reduce client's tax burden. While doing this, he allows the client to choose the right time to hand over control of 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 Tumalo, 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 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. 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 Tumalo, 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 need medical attention. These two issues require planning around how to fund medical care and what type of trust or conservatorship to use.

We understand that planning for long term care can be difficult and we are familiar with the process of qualifying for Medicaid. We can assist with completing and submitting applications, handling any hearings and appeals, and ensuring our clients continue to qualify for Medicaid.

Elder Law and Estate Planning
Guardianship & Conservatorship

Guardianship/Conservatorship Tumalo, 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 make another person the guardian or conservator.

Guardianship allows the guardian to take over and manage the physical care and custody of a person. A conservator, however, is responsible for managing the person's financial matters. 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 near Tumalo, 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 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 trusts can be especially helpful in situations where the client reaches a certain stage of life or has a medical condition that requires 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 Tumalo, OR

Thanks to the rapid advancement of technology over the last few decades, many of our clients' businesses and personal data is now stored electronically. Digital assets can include photos uploaded online, social media histories and documents stored in online storage.

Many people overlook these assets. However, they can be very important, both financially and emotionally. You can reduce administrative burdens by creating a digital estate plan that addresses digital assets management and distribution. It will also preserve your sentimental images and documents.

Planning for Blended Families near Tumalo, 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, including blended families, 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. 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 near Tumalo, 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 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. These cases will see the assets being passed on to the deceased's relatives. This may not be in line with the person's 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 Tumalo, OR

J Mishkin Law is often contacted by 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.

A succession plan should be prepared for sole proprietorships in the event of an unfortunate 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 near Tumalo, 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 can change the charity recipient at any time and create an income stream to your loved ones that is similar to an annuity.

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 near Tumalo, OR

Wills may not be recognized in certain countries depending on the laws of that country. 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, we take your individual circumstances and look at them through a multi-jurisdictional lens. 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 Tumalo, OR Estate Planning Attorney Today

Affluent families can see their wealth decline by as much as 50 percent without effective estate planning. The federal estate taxes that are imposed on surviving spouses when they die could cause significant financial hardship. Additionally, states may take more 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. 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. He can help you make the right decisions by listening to all your goals and objectives. Together, you will create a plan that is fully satisfying for you both and your family.

Meanwhile, he provides generational planning for your family's wealth to be optimally retained and administered to future generations. Do you own a business? He can guarantee business continuity for your family members, shareholders, 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 will respect the past while making plans for the future with a reliable and professional estate administration.

Your Nearest Office

390 SW Columbia Street
Suite 120
Bend, OR 97702

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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.