Estate Planning Vancouver, WA
Jonathan Mishkin is an estate planning lawyer with offices in Oregon's Portland, Bend and West Linn. His over 22 years of expertise will allow him to help you plan your affairs to avoid probate and reduce estate tax.
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. This is done while giving the client the option to decide when to give control 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 Jonathan D Mishkin offers you the following estate planning services:
- 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 in Vancouver, WA
After a person dies, probate proceedings may be required in order to manage their affairs. The Will serves as the guideline for probate and outlines the person's wishes.
This is not always an easy process. Beneficiaries might disagree about the asset value or distribution of the assets during the probate and trust administration periods. As these issues are typically amongst family members, emotions can come to the forefront and make a tough situation 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 Vancouver, WA
As family members age, it's important to understand their wishes for the future and have these documented in accordance 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. These will require planning regarding the type of trust or conservatorship you want, how to pay for it, and making sure that there are adequate networks to ensure competent and high-quality care.
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.
Guardianship/Conservatorship near Vancouver, WA
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.
The guardian can manage and control the physical and emotional care of the 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 Vancouver, WA
These are two documents that can be used as a foundation of an estate planning plan, however only one is needed.
A Will is a document that designates an executor to handle the estate of a deceased client. This allows you to distribute assets and appoint guardians for minors.
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 particularly useful for those who reach a certain age or have a medical condition that requires assistance with finances. A revocable living Trust will remove the need to probate. It will also allow the person handling the estate to save money while also saving time.
Digital Assets Estate Planning Vancouver, WA
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.
While many people do not consider these assets, they can be important financially, emotionally, or both. 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 in Vancouver, WA
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 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. J Mishkin Law can help you understand the complex issues behind such decisions.
Estate Planning for Same-Sex Couples in Vancouver, WA
Oregon has recognized same-sex marriage since 2014. The concept, however, is still relatively new in 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 some events where one partner dies, the spouse who is left behind may not be entitled to any inheritance if there is no will in place. The assets of the deceased will be transferred to their blood relatives. This might not be in the deceased person's best interests. 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 Vancouver, WA
J Mishkin Law works with many small-business owners. It doesn't matter how small or large a business may be, it is important to have a plan for the business in case the owner passes away, becomes disabled, or retires.
Every sole proprietorship should have an exit strategy in place for any eventuality. 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.
Charitable Planning near Vancouver, WA
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 retain the right to change the charitable recipient over time, and can create an income stream that replicates 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 can be beneficial as the client retains control over management while securing favorable income tax charitable deductions.
International Estate Planning Vancouver, WA
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 circumstances, we consider your individual situation and apply a multi-jurisdictional perspective to it. J Miskin Law understands the impact of international estate planning on taxes, assets, liabilities, and other tax implications.
Contact a Vancouver, WA 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. It is worse to note that income and estate taxes combined can increase by 75 percent for certain types of wealth such as IRAs and pretax 401(k) plans. As a result, children and other beneficiaries might receive less that half of the family wealth.
Mr. Mishkin is an estate lawyer who helps clients create plans that maximize every tax code benefit and work hard to understand their unique goals. He can help you make the right decisions by listening to all your goals and objectives. 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. Do you own a business? 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. Through proper, reliable estate administration, Mr. Mishkin respectfully honors the past while preparing for the future.
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.