Estate Planning Tigard, OR
Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. He has over 22 years experience and can help you structure your affairs so that there is less exposure to probate.
Mr. Mishkin employs irrevocable and irrevocable partnerships/LLCs, trusts, charitable entities, and partnerships/LLCs to maximize income and reduce 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 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 Tigard, OR
A probate proceeding may be necessary in order to deal with the affairs of the deceased following a death. The Will serves as the guideline for probate and outlines the person's wishes.
This is not always an easy process. Beneficiaries can disagree on the amount and distribution of assets during probate administration. These issues are often among family members and emotions can rise to the surface, making a difficult situation even more complicated. 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 represents beneficiaries, executors, and trustees with counsel and advice in relation to disputes and litigation.
Elder Law and Estate Planning in Tigard, 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 need medical attention. 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 know how difficult it can be to plan for long-term care and qualifying for Medicaid. We can help you complete and submit your applications, handle any appeals or hearings, and ensure that our clients remain eligible for Medicaid.
Guardianship/Conservatorship near Tigard, OR
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 give that authority to another person, making them the person's guardian or conservator.
This allows the guardian the power to manage and control the person's custody and physical care. However, the conservator is responsible to manage the person's finances. 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 Tigard, OR
These documents are not one and the same, so only one document is needed for an estate plan.
A Will is a document that appoints an executor to represent the estate of the deceased client in probate court. 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 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 are very useful when a client is approaching a certain age, or has a medical condition requiring assistance with their 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.
Digital Assets Estate Planning Tigard, OR
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 Tigard, OR
Blended families are becoming more popular in recent years, with over half of all marriages ending in divorce. This can make estate planning more difficult for those families whose spouses have remarried and brought their children in from other relationships.
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 near Tigard, 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 could cause problems when estate planning is concerned. If a person dies with no estate plan, the spouse who survives may not be eligible for any inheritance. In such cases, assets will be given to the deceased's family members, which may not be according to 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 Tigard, OR
J Mishkin Law has many clients who are small-business owners. Whether a business is large or small, it's important to have a plan in place for the business in the case of the owner passing away, developing a disability, or retiring.
In the event of a death or other emergency, every sole proprietorship should have a succession plan. This involves choosing a successor, developing a training plan, and establishing putting your successor in place if and when the time comes.
In order to create a buyout/buy-sell agreement for partnership companies, which details information such a who can purchase shares, who has to be bought out, what is the trigger for a buyout.
Charitable Planning in Tigard, OR
If you regularly give to charity you might want to include charitable planning in your estate plans. Charitable trusts can have significant tax benefits, and at J Mishkin Law we have experience in assisting our clients arrange for all sizes and variations 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.
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 Tigard, OR
Depending on the country and its laws, some countries may not recognize wills executed in other countries, such as the US. 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, no matter how complex it may seem, we can take your individual circumstances and consider them from a multi-jurisdictional angle. At J Miskin Law we understand the effects of international estate planning and their associated taxes, assets, and liabilities.
Contact a Tigard, 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. Children and other beneficiaries could receive less than half the wealth of their family.
Mr. Mishkin, an estate lawyer, creates plans that take advantage of every tax code nuance and works hard to understand your 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.
He also provides generational planning to ensure your family's wealth is preserved and passed on to the next generations. 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
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.