Estate Planning Attorney Redmond, OR
Jonathan Mishkin works as an estate planning attorney in Oregon. He has offices in 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. He allows clients to choose when they want to transfer control of their assets to the next generations.
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 offers these 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 Redmond, OR
A probate proceeding may be necessary in order to deal with the affairs of the deceased following a death. The Will is the document that guides probate and expresses the wishes of the deceased.
This is not always an easy task. Beneficiaries can disagree on the amount and distribution of assets during probate administration. As these issues are typically amongst family members, emotions can come to the forefront and make a tough situation even more difficult. 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 provides representation, counsel, and advice regarding disputes and litigation to trustees, beneficiaries, and executors.
Elder Law and Estate Planning Redmond, 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 require medical treatment. Both these will require planning as to which type of conservatorship or trust is best, how to cover medical costs, and the creation of networks that can provide quality and competent care.
We understand how planning for long-term care and the processes behind qualifying for Medicaid can be daunting. We can assist you with filling out and submitting your application, as well as handling any appeals and hearings, as well as remaining qualified for Medicaid.
Guardianship/Conservatorship in Redmond, OR
Individuals who become mentally or physically disabled may not be able manage their financial and personal affairs. In these cases, the court may give this authority to another person, naming them conservator or guardian.
This allows the guardian the power to manage and control the person's custody and physical care. The conservator is responsible for managing financial affairs. 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 in Redmond, OR
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 will allow for the distribution of assets and the appointment of guardians for minor children. It also allows for funeral arrangements to be directed.
Revocable living trusts are private contracts that specify the rules for a client's assets. 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.
Digital Assets Estate Planning in Redmond, OR
Many clients' businesses and personal information are stored electronically thanks to the rapid advances in technology over the past decade. Digital assets include photos, documents, social media histories, as well as digital assets such as photos and documents that you upload online.
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 Redmond, OR
Blended families are becoming more popular in recent years, with over half of all marriages ending 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, 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. J Mishkin Law is familiar with the details behind these decisions. We can help you weigh up all your options and make the best decision possible for you and your loved ones.
Estate Planning for Same-Sex Couples in Redmond, OR
Oregon has recognized same-sex marriage since 2014. The concept, however, is still relatively new in the United States. Domestic partners who are not married legally can benefit from the rights of the state but not necessarily at a federal level.
This can create problems in 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. 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 Redmond, OR
J Mishkin Law has many clients who are 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.
In the event of a death or other emergency, every sole proprietorship should have a succession plan. This includes choosing a successor, creating a training plan and establishing the process of putting your successor in position if necessary.
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 Redmond, OR
Consider charitable planning for your estate plan if you are a regular donor to charity. 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 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. These can be beneficial as the client retains control over management while securing favorable income tax charitable deductions.
International Estate Planning Redmond, OR
Some countries may not recognize wills made in the United States, depending on their laws. 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. At J Miskin Law we understand the effects of international estate planning and their associated taxes, assets, and liabilities.
Contact a Redmond, 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. 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.
Mr. Mishkin, estate lawyer, designs plans to maximize tax code benefits while focusing on your specific objectives. Mr. Mishkin will work with you to make the best decisions and provide appropriate recommendations by listening to your needs, goals, and perspectives. In effect, you both develop your plan to fully satisfy you and your family.
He also provides generational planning to ensure your family's wealth is preserved and passed on to the next generations. Do you own a business? He can ensure business continuity and value to your family, shareholders and employees, as well as customers.
It is hard enough to lose a loved ones without an estate planning lawyer. Mr. Mishkin can assist you at any time and place you require him. He will provide post-mortem planning services and timely documents. 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
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.