Estate Planning Attorney Three Rivers, OR
Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. With over 22 years of experience, he can work with you to structure your affairs to reduce exposure to the imposition of the estate tax and avoidance of probate.
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.
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 near Three Rivers, OR
Following a death, probate proceeding may be required to sort out the person's affairs. The Will serves as the guideline for probate and outlines the person's wishes.
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. It is better to deal with probate and administration issues promptly to save time, costs, and in some instances, family relationships.
Our estate planning firm provides representation, counsel, and advice regarding disputes and litigation to trustees, beneficiaries, and executors.
Elder Law and Estate Planning Three Rivers, 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 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 the difficulty of planning for long-term health care and the daunting nature of qualifying to 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 in Three Rivers, OR
Individuals who become mentally or physically disabled may not be able manage their financial and personal 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 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 Three Rivers, 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 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.
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. 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 Three Rivers, 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 things like photos you have uploaded online, social media histories, and documents in online storage services.
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 Three Rivers, OR
With over 50% of marriages ending in divorce, blended families have become much more common in recent times. 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 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 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 near Three Rivers, 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. 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 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 such cases, assets will be given to the deceased's family members, which may not be according to the person's 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 in Three Rivers, OR
J Mishkin Law works with many small-business owners. It doesn't really matter how big or small a company is, it's vital to have a plan in order for the business in the event of the owner passing away, becoming disabled, or retiring.
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.
For partnership businesses, you can create a buyout or buy-sell agreement which details information such as who can buy shares, whether the partner must be bought out, and what can prompt a buyout.
Charitable Planning near Three Rivers, 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 have the option to change the charitable recipient at any point in time. Additionally, you can create an income stream that is similar to annuity for 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. 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 in Three Rivers, OR
Depending on the country and its laws, some countries may not recognize wills executed in other countries, such as the US. 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 impact of international estate planning on taxes, assets, liabilities, and other tax implications.
Contact a Three Rivers, 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. Worse yet, income and estate taxes can add up to 75 percent to certain forms of wealth like IRAs or 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. Mr. Mishkin will work with you to make the best decisions and provide appropriate recommendations by listening to your needs, goals, and perspectives. Together, you will create a plan that is fully satisfying for you both 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 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. 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.