Estate Planning Attorney Tumalo, OR
Jonathan Mishkin works as an estate planning attorney in Oregon. He has offices in Portland, Bend, and West Linn. He has over 22 years experience and can help you structure your affairs so that there is less exposure to probate.
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.
Although a Will or Revocable Living Trust does not avoid state taxes, it can help maximize privacy and decrease the cost of probate.
The Law Office of Jonathan D Mishkin provides the following services for estate planning:
- 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 in Tumalo, 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 task. Beneficiaries might disagree about the asset value or distribution of the assets during the probate and trust administration periods. These issues are often among family members and emotions can rise to the surface, making a difficult situation even more complicated. 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 near Tumalo, OR
It is important for aging family members to be able to articulate their future wishes and have them documented according 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 how planning for long-term care and the processes behind qualifying for Medicaid can be daunting. 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 Tumalo, OR
A person may become mentally or physically disabled and cannot manage their financial or personal affairs. In such cases the court can make another person the guardian or conservator.
The guardian can manage and control the physical and emotional care of the person. The conservator is responsible for managing financial affairs. 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 Tumalo, OR
These documents are not one and the same, so only one document is needed for an estate plan.
A Will is a document which appoints an executor who will represent the estate of the deceased client before probate court. This then allows for the distribution of assets, the appointment of guardians for minor children, and the direction of funeral arrangements.
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 remove the need to probate. It will also allow the person handling the estate to save money while also saving time.
Digital Assets Estate Planning Tumalo, 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.
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 Tumalo, OR
Since divorce is a common outcome in over 50% of marriages, blended families have become much more common recently. Remarried spouses can bring children from past relationships into their marriage which could complicate estate planning.
Every family, even every blended family is unique. Each spouse must decide where they want to share their estate. This could be among their biological children or a mix of stepchildren, biological children and their spouse. J Mishkin Law understands the complexities of such decisions and can help you consider all options to make the right decision for your family.
Estate Planning for Same-Sex Couples in Tumalo, 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. Domestic partners who are not married legally can benefit from the rights of the state but not necessarily at a federal level.
This can lead to complications in estate planning. In circumstances such as where a person dies without an estate plan in place, the surviving spouse may be ineligible to receive 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 in Tumalo, 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.
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.
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 near Tumalo, 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 retain the right to change the charitable recipient over time, and can create an income stream that replicates an annuity to 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. 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 near Tumalo, 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 circumstances, we consider your individual situation and apply a multi-jurisdictional perspective to it. J Miskin Law is familiar with the impacts of international estate plans and the associated taxes, assets, as well as liabilities.
Contact a Tumalo, 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. 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.
Estate lawyer Mr. Mishkin structures plans to benefit from every tax code nuance while working hard to understand your unique objectives. By closely listening to your specific perspectives, goals and needs, he can counsel you on the best decisions with suitable recommendations. 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 assure business continuity and value for your family, shareholders, 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
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.