Estate Planning Vancouver, WA
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 Vancouver, WA
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 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 provides counsel and advice to executors, beneficiaries, trustees and beneficiaries in all aspects of disputes and litigation.
Elder Law and Estate Planning near Vancouver, WA
As family members age it is crucial to fully understand their future plans and make sure they are documented in compliance with the law. Any assets that an elderly client or someone who becomes incapacitated will need to be secured. 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 assist with completing and submitting applications, handling any hearings and appeals, and ensuring our clients continue to qualify for Medicaid.
Guardianship/Conservatorship Vancouver, WA
If a person becomes physically or mentally disabled, they may no longer be able to handle their own personal or financial affairs. In such cases, the court can grant that authority to another person making them the 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 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 Vancouver, WA
These are two separate documents, and only one is needed to serve as the foundation of an estate plan.
A Will is a document that names an executor to manage the estate of the client who is deceased. 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.
Revocable living trusts are private contracts that specify the rules for a client's assets. 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 for living will eliminate probate. This will allow the person who manages the estate to save both money and time.
Digital Assets Estate Planning near Vancouver, WA
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.
While many people do not consider these assets, they can be important financially, emotionally, or both. 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 near Vancouver, WA
With over 50% of marriages ending in divorce, blended families have become much more common in recent times. When one or both remarried spouses brought children from previous relationships into the marriage, this can complicate estate planning for such families.
Every family, even every blended family is unique. 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.
Estate Planning for Same-Sex Couples Vancouver, WA
Oregon has recognized same-sex marriage since 2014. The concept, however, is still relatively new in 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 could cause problems when estate planning is concerned. 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 near Vancouver, WA
J Mishkin Law works with many 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.
Any sole proprietorship should have a succession plan in case of any such event. This includes creating a plan for training, choosing a successor, and setting up a process to place your successor if needed.
In order to create a buyout/buy-sell agreement for partnership companies, which details information such a who can purchase shares, who has to be bought out, what is the trigger for a buyout.
Charitable Planning Vancouver, WA
You might consider charitable planning if you give regularly to charities. Charitable trusts can have significant tax benefits, and at J Mishkin Law we have experience in assisting our clients arrange for all sizes and variations of charitable gifts. 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 in Vancouver, WA
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 Vancouver, WA 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, certain forms of wealth, such as pre-tax 401(k) plans and IRAs, can swell income and estate taxes combined to 75 percent. As a result, children and other beneficiaries might receive less that half of the family wealth.
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. You create your own plan that will fully satisfy both you and your family.
Meanwhile, he provides generational planning for your family's wealth to be optimally retained and administered to future generations. Do you own a business? He can guarantee business continuity for your family members, shareholders, employees, and customers.
Losing a loved one is hard enough without an estate planning attorney. Mr. Mishkin is available to help you whenever and wherever you need him. He can provide post-mortem planning as well as documents according to deadlines. 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
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.