Estate Planning Attorney Three Rivers, OR

estate planning oregon

Jonathan Mishkin is an estate planning attorney with offices throughout Oregon in Portland, Bend, and West Linn. With over 20 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. 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 mitigate state taxes, we are able to maximize privacy and reduce the time and cost of probate.

The Law Office Jonathan D Mishkin offers you the following estate planning services:

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Probate and Trust/Estate Litigation in Three Rivers, 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 is not always an easy task. During the probate and trust administration period, beneficiaries may disagree on the value of assets and how those assets are to be distributed. Emotions can become a problem when these issues are among family members. 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 near Three Rivers, OR

It's crucial to know the wishes of family members as they age and to have these documents in line with the law. Any assets that an elderly client or someone who becomes incapacitated will need to be secured. 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 know how difficult it can be to plan for long-term care and qualifying for Medicaid. 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 Three Rivers, OR

If a person becomes physically or mentally disabled, they may no longer be able to handle their own personal or financial affairs. In these cases, the court may give this authority to another person, naming them 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 know that the appointment of either one or both of these conservators is an emotionally charged process. Therefore, we work together to achieve the ultimate goal of protecting the person's financial and medical needs.

Revocable Living Trusts and Wills Three Rivers, 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 then allows for the distribution of assets, the appointment of guardians for minor children, and the direction of funeral arrangements.

Revocable living trusts are private contracts that specify the rules for a client's assets. 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.

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Digital Assets Estate Planning

Digital Assets Estate Planning in 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 photos uploaded online, social media histories and documents stored in online storage.

Although many people may not think of these assets, they can be important for financial or emotional reasons. A digital asset estate plan is designed to manage and distribute digital assets. This will reduce administrative burdens and preserve your sentimental documents.

Planning for Blended Families near Three Rivers, OR

Since divorce is a common outcome in over 50% of marriages, blended families have become much more common recently. When one or both remarried spouses brought children from previous relationships into the marriage, this can complicate estate planning for such families.

Every family, including blended families, is unique. 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 understands the complexities of such decisions and can help you consider all options to make the right decision for your family.

Planning for Blended Families
Estate Planning for Same-Sex Couples

Estate Planning for Same-Sex Couples in Three Rivers, OR

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 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. 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. A comprehensive estate plan is required in these situations and many other circumstances, such as estate tax, funeral arrangements, and guardianship of any minor children.

Business Succession Planning in Three Rivers, OR

J Mishkin Law works with many 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.

Every sole proprietorship should have an exit strategy in place for any eventuality. This involves naming a successor and creating a training program. If the time comes, you will need to put your successor in place.

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.

Business Succession Planning
Charitable Planning

Charitable Planning near Three Rivers, OR

You might consider charitable planning if you give regularly to charities. 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 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.

Private foundations may also be an option for larger estates. 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

Wills may not be recognized in certain countries depending on the laws of that country. Many of our American clients have assets or beneficiaries all over the world. Other clients may not have US citizenship 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 understands the impact of international estate planning on taxes, assets, liabilities, and other tax implications.

International Estate Planning

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, certain forms of wealth, such as pre-tax 401(k) plans and IRAs, can swell income and estate taxes combined to 75 percent. Consequentially, children and other beneficiaries may receive less than half of the family's wealth.

Mr. Mishkin, an estate lawyer, creates plans that take advantage of every tax code nuance and works hard to understand your objectives. He will listen to what you have to say and make suitable recommendations. You create your own plan that will fully satisfy both you and your family.

He provides generational planning that ensures your family's wealth will be retained for 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 will help you wherever and whenever you need him. Mishkin honors the past while planning for the future by providing reliable estate administration.

Your Nearest Office

390 SW Columbia Street
Suite 120
Bend, OR 97702

Have Estate Planning Questions? Contact Us

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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.

estate-plan-optimized