Estate Planning Attorney Tumalo, OR

estate planning oregon

Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. His 22+ years of experience will help you organize your affairs to minimize exposure to estate tax and avoid 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 of Jonathan D Mishkin offers the following estate planning services:

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Probate and Trust/Estate Litigation Tumalo, OR

Following a death, probate proceeding may be required to sort out the person's affairs. The Will, which reflects the wishes of the deceased, acts as a guideline in probate.

This can be a difficult process. Beneficiaries might disagree about the asset value or distribution of the assets during the probate and trust administration periods. Because these issues are usually among family members, emotions can be strong and make it even more difficult. To save time, money, and sometimes, family relationships, it is best to address probate and administration issues early.

Our estate planning firm represents beneficiaries, executors, and trustees with counsel and advice in relation to disputes and litigation.

Elder Law and Estate Planning Tumalo, OR

It's crucial to know the wishes of family members as they age and to have these documents in line with the law. Assets that are held by an elderly or disabled client should be protected in the event of their death. They may also need medical care. 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 assist with completing and submitting applications, handling any hearings and appeals, and ensuring our clients continue to qualify for Medicaid.

Elder Law and Estate Planning
Guardianship & Conservatorship

Guardianship/Conservatorship in Tumalo, OR

Individuals who become mentally or physically disabled may not be able manage their financial and personal affairs. In such cases, the court can give that authority to another person, making them the person's guardian or conservator.

Guardianship allows the guardian to take over and manage the physical care and custody of a 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 Tumalo, 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 appoints an executor to represent the estate of the deceased client in 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 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. Revocable living trusts can be used to avoid probate and allow the estate administrator to save time as well as money.

estate planning family
Digital Assets Estate Planning

Digital Assets Estate Planning near Tumalo, OR

Many of our clients have their personal and business data stored electronically due to rapid technological advancements over the past few decades. Digital assets include photos, documents, social media histories, as well as digital assets such as photos and documents that you upload online.

These assets can be valuable financially, emotionally, and even both, though many people don't consider them. To reduce administrative burdens, a digital asset plan will help you manage these digital assets and protect your images and sentimental documents.

Planning for Blended Families near Tumalo, OR

Since divorce is a common outcome in over 50% of marriages, blended families have become much more common recently. 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 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 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 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 create problems in estate planning. If a person dies with no estate plan, the spouse who survives may not be eligible for any inheritance. The assets of the deceased will be transferred to their blood relatives. This might not be in the deceased person's best interests. 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 Tumalo, OR

J Mishkin Law is often contacted by 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.

A succession plan should be prepared for sole proprietorships in the event of an unfortunate event. This involves naming a successor and creating a training program. If the time comes, you will need to put your successor in place.

You can make a buyout agreement for partnership businesses. This will detail information like who can buy shares and whether or not the partner must be purchased out.

Business Succession Planning
Charitable Planning

Charitable Planning Tumalo, OR

If you regularly give to charity, you may wish to consider charitable planning in your estate plan. 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 are free to alter the charitable recipient at will and you can also create an income stream that can be used to provide an annuity to 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 near Tumalo, OR

Wills may not be recognized in certain countries depending on the laws of that country. 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 implications of international estate planning, including their taxes, assets and liabilities.

International Estate Planning

Contact a Tumalo, OR Estate Planning Attorney Today

Affluent families may lose almost 50% of their wealth if they don't plan for estate tax. Federal estate taxes are levied on the estates of surviving spouses. States also take estate taxes. It is worse to note that income and estate taxes combined can increase by 75 percent for certain types of wealth such as IRAs and pretax 401(k) plans. Children and other beneficiaries could receive less than half the wealth of their family.

Mr. Mishkin, estate lawyer, designs plans to maximize tax code benefits while focusing on your specific 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. Are you a business owner? 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

390 SW Columbia Street
Suite 120
Bend, OR 97702

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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.