Estate Planning Attorney Tumalo, OR
Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. With over 22 years of experience, he can work with you to structure your affairs to reduce exposure to the imposition of the estate tax and avoidance of probate.
Mr. Mishkin employs irrevocable and irrevocable partnerships/LLCs, trusts, charitable entities, and partnerships/LLCs to maximize income and reduce client's tax burden. While doing this, he allows the client to choose the right time to hand over control of assets 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 Jonathan D Mishkin offers you 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 near Tumalo, OR
After a person dies, probate proceedings may be required in order to manage their affairs. The Will is the document that guides probate and expresses the wishes of the deceased.
This is not always an easy process. 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 represents beneficiaries, executors, and trustees with counsel and advice in relation to disputes and litigation.
Elder Law and Estate Planning near 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 require medical treatment. These two issues require planning around how to fund medical care and what type of trust or conservatorship to use.
We understand the difficulty of planning for long-term health care and the daunting nature of qualifying to Medicaid. We can help with the application process, including handling appeals and hearings, and ensuring our clients continue to qualify for Medicaid.
Guardianship/Conservatorship near Tumalo, OR
Persons may lose the ability to manage their personal and financial affairs if they become physically or mentally disabled. 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. 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 in 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 which appoints an executor who will represent the estate of the deceased client before 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 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 are especially useful in cases where reaches a certain age or develops a medical condition that mandates assistance with 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 Tumalo, OR
Many clients' businesses and personal information are stored electronically thanks to the rapid advances in technology over the past decade. 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. 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 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 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. 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. For couples in domestic partnerships who are not legally married, they can enjoy the benefits of their rights at the state level, but not necessarily at the federal level.
This can create problems 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 vital in these cases, as well as for other reasons such estate tax, funeral arrangements, or guardianship of any children.
Business Succession Planning Tumalo, OR
J Mishkin Law works with many 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 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
If you regularly give to charity, you may wish to consider charitable planning in your estate plan. 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 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. These can be beneficial as the client retains control over management while securing favorable income tax charitable deductions.
International Estate Planning Tumalo, OR
Some countries may not recognize wills made in the United States, depending on their laws. 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. 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. He will listen to what you have to say and make suitable recommendations. Your plan will be able to satisfy both you and your family.
He also provides generational planning to ensure your family's wealth is preserved and passed on to the next generations. Are you a business owner? He can assure business continuity and value for your family, shareholders, 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 respects the past and prepares for the future through reliable, efficient 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.