Estate Planning Attorney Tumalo, OR

estate planning oregon

Jonathan Mishkin is an estate planning lawyer with offices in Oregon's Portland, Bend and West Linn. He has over 20 years experience and can help you structure your affairs so that there is less exposure to probate.

Mr. Mishkin utilizes revocable and irrevocable trusts, partnerships/LLCs, and charitable entities with the goal of maximizing available income and estate tax benefits to reduce the client's overall tax burden. He does this while offering the client the ability to select the appropriate time to cede control over assets to the next generation.

While a well-drafted foundational estate plan (i.e., a Will or Revocable Living Trust), does not reduce state taxes, we can maximize privacy and lower the 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 near 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 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 Tumalo, OR

As family members age it is crucial to fully understand their future plans and make sure they are documented in compliance 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 attention. 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 understand that planning for long term care can be difficult and we are familiar with the process of 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.

Elder Law and Estate Planning
Guardianship & Conservatorship

Guardianship/Conservatorship in Tumalo, 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.

Guardianship allows the guardian to take over and manage the physical care and custody of a person. 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 Tumalo, 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 names an executor to manage the estate of the client who is deceased. This allows for the distribution and appointment of guardians for minors, as well as the management of funeral arrangements.

A revocable living trust is a contract that outlines the rules the client has for assets to be held in their name. These trusts can be especially helpful in situations where the client reaches a certain stage of life or has a medical condition that requires assistance with finances. A revocable living trust for living will eliminate probate. This will allow the person who manages the estate to save both money and time.

estate planning family
Digital Assets Estate Planning

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

These assets can be valuable financially, emotionally, and even both, though many people don't consider them. Having a digital asset estate plan addresses the management and distribution of such digital assets to reduce the risk of additional administrative burdens while preserving your sentimental documents and images.

Planning for Blended Families in Tumalo, OR

Blended families are becoming more popular in recent years, with over half of all marriages ending 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 need to consider where to distribute parts of their estate, whether that be to the other spouse, among their biological children, a mixture of biological and stepchildren, or any other variation. At J Mishkin Law we understand the intricacies behind such decisions, and help you to consider all of your options to make the best decision for you and your family.

Planning for Blended Families
Estate Planning for Same-Sex Couples

Estate Planning for Same-Sex Couples Tumalo, 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 can lead to complications in estate planning. 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. In these instances, and for many other reasons including estate tax, funeral arrangements, and guardianship of any children, an estate plan is essential.

Business Succession Planning near Tumalo, OR

Many of our clients at J Mishkin Law 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.

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.

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 Tumalo, OR

If you regularly give to charity, you may wish to consider charitable planning in your estate plan. We have extensive experience helping clients set up charitable trusts of any size or variety. Charitable trusts can provide significant tax advantages. You can change the charity recipient at any time and create an income stream to your loved ones that is similar to an annuity.

If clients have larger estates and plan to leave some of it to charity, they might also want to consider a private foundation. These are beneficial for clients who want to retain control over their affairs while still receiving favorable income tax charitable deductions.

International Estate Planning 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 or beneficiaries all over the world. Other clients may not have US citizenship but have US affairs.

No matter what your situation is, we will take into consideration your unique circumstances and view them through a multijurisdictional lens. At J Miskin Law we understand the effects of international estate planning and their associated taxes, assets, and liabilities.

International Estate Planning

Contact a Tumalo, 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. Worse yet, income and estate taxes can add up to 75 percent to certain forms of wealth like IRAs or pretax 401(k) plans. Consequentially, children and other beneficiaries may receive less than half of the family's wealth.

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. 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 will also provide generational planning so that your family's wealth can be preserved optimally and handed to the future generations. Are you a business owner? 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.

Losing a loved one is hard enough without an estate planning attorney. Mr. Mishkin can help you when and where you need him, providing post-mortem planning and documents by deadlines. 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

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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.