Estate Planning Tigard, OR

estate planning oregon

Jonathan Mishkin is an estate planning lawyer with offices in Oregon's Portland, Bend and West Linn. His over 20 years of expertise will allow him to help you plan your affairs to avoid probate and reduce estate tax.

Mr. Mishkin makes use of partnerships/LLCs and revocable trusts. His goal is to maximize the income and estate tax benefits for clients and lower their overall 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 mitigate state taxes, we are able to maximize privacy and reduce the time and cost of probate.

The Law Office of Jonathan D Mishkin offers these estate planning services:

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Probate and Trust/Estate Litigation in Tigard, OR

Probate proceedings may be necessary to settle the estate of a deceased person. The Will serves as the guideline for probate and outlines the person's wishes.

This is not always an easy process. During the probate and trust administration period, beneficiaries may disagree on the value of assets and how those assets are to be distributed. As these issues are typically amongst family members, emotions can come to the forefront and make a tough situation 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 offers counsel and representation to beneficiaries, trustees, and executors in disputes and litigation.

Elder Law and Estate Planning Tigard, OR

As family members age, it's important to understand their wishes for the future and have these documented in accordance with the law. If an elderly or unwell client becomes incapacitated, any assets they have will need to be protected. They may also need medical care. Both of these require planning in regards to what type of conservatorship or trust to use, how to pay for medical care, and ensuring proper networks are in place to provide competent and quality 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.

Elder Law and Estate Planning
Guardianship & Conservatorship

Guardianship/Conservatorship Tigard, OR

A person may become mentally or physically disabled and cannot manage their financial or personal affairs. In such cases, the court can grant that authority to another person making them the conservator or guardian.

In the case of guardianship, this enables the guardian to manage and control a person's physical care and custody. A conservator, however, is responsible for managing the person's financial matters. 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 in Tigard, 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 allows for the distribution and appointment of guardians for minors, as well as the management of funeral arrangements.

A revocable life trust acts as a private contract agreement that specifies the rules of a client regarding assets to be used for the benefit of heirs or 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 remove the need to probate. It will also allow the person handling the estate to save money while also saving time.

estate planning family
Digital Assets Estate Planning

Digital Assets Estate Planning in Tigard, 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 include photos, documents, social media histories, as well as digital assets such as photos and documents that you upload online.

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

In recent years, blended families have been more common than ever with half of all marriages ending up in divorce. The estate planning process can be complicated for blended families when one or both of the remarried spouses has brought in children from previous relationships.

Every family, even every blended family 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 can help you understand the complex issues behind such decisions.

Planning for Blended Families
Estate Planning for Same-Sex Couples

Estate Planning for Same-Sex Couples Tigard, 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. 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 lead to complications 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 Tigard, OR

J Mishkin Law has many clients who are 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.

Any sole proprietorship should have a succession plan in case of any such event. This involves choosing a successor, developing a training plan, and establishing putting your successor in place if and when the time comes.

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 in Tigard, 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.

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 near Tigard, OR

It depends on the laws of the country that executed the will. 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, we take your individual circumstances and look at them through a multi-jurisdictional lens. J Miskin Law understands the impact of international estate planning on taxes, assets, liabilities, and other tax implications.

International Estate Planning

Contact a Tigard, OR Estate Planning Attorney Today

An estate plan is essential for wealthy families. If a spouse dies, federal estate taxes can cause a family's wealth to drop by nearly 50 percent. State taxes take even more. 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. Children and other beneficiaries could receive less than half the wealth of their family.

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. By closely listening to your specific perspectives, goals and needs, he can counsel you on the best decisions with suitable recommendations. In effect, you both develop your plan to fully satisfy you and your family.

He will also provide generational planning so that your family's wealth can be preserved optimally and handed to the future generations. 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 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

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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.