Estate Planning Vancouver, WA

estate planning oregon

Jonathan Mishkin, an estate planning attorney, has offices throughout Oregon, in Bend, West Linn, and Portland. His 20-years of experience will help you organize your affairs to minimize exposure to estate tax and avoid 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. While doing this, he allows the client to choose the right time to hand over control of assets to the next generation.

A Will or Revocable Living Trust doesn't mitigate state taxes but can maximize privacy while reducing the time and cost for probate.

The Law Office of Jonathan D Mishkin offers these estate planning services:

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Probate and Trust/Estate Litigation near Vancouver, WA

A probate proceeding may be necessary in order to deal with the affairs of the deceased following a death. The Will, which reflects the wishes of the deceased, acts as a guideline in probate.

This is not always an easy task. Beneficiaries can disagree on the amount and distribution of assets during probate administration. Because these issues are usually among family members, emotions can be strong and make it even more difficult. It is important to resolve probate or administration issues quickly to avoid cost and time and, in some cases, to preserve familial relationships.

Our estate planning firm offers counsel and representation to beneficiaries, trustees, and executors in disputes and litigation.

Elder Law and Estate Planning in Vancouver, WA

It's crucial to know the wishes of family members as they age and to have these documents in line with the law. If an elderly or unwell client becomes incapacitated, any assets they have will need to be protected. They may also need medical attention. These will require planning regarding the type of trust or conservatorship you want, how to pay for it, and making sure that there are adequate networks to ensure competent and high-quality care.

We know how difficult it can be to plan for long-term care and 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 Vancouver, WA

Individuals who become mentally or physically disabled may not be able manage their financial and personal affairs. In such cases the court can make another person the guardian or conservator.

This allows the guardian the power to manage and control the person's custody and physical care. 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 near 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 appoints an executor to represent the estate of the deceased client in probate court. This allows for the distribution and appointment of guardians for minors, as well as the management 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 particularly useful for those who reach a certain age or have a medical condition that requires 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.

estate planning family
Digital Assets Estate Planning

Digital Assets Estate Planning in Vancouver, WA

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.

While many people do not consider these assets, they can be important financially, emotionally, or both. 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 Vancouver, WA

With over 50% of marriages ending in divorce, blended families have become much more common in recent times. 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 must consider how to divide their estate. It can be divided among their biological children, stepchildren or a combination of them. 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 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. 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. 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 in Vancouver, WA

Many of our clients at J Mishkin Law 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.

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.

Business Succession Planning
Charitable Planning

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 have the option to change the charitable recipient at any point in time. Additionally, you can create an income stream that is similar to annuity for 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 in Vancouver, WA

It depends on the laws of the country that executed the will. 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 situation, no matter how complex it may seem, we can take your individual circumstances and consider them from a multi-jurisdictional angle. J Miskin Law is familiar with the impacts of international estate plans and the associated taxes, assets, as well as liabilities.

International Estate Planning

Contact a Vancouver, WA 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. Worse yet, income and estate taxes can add up to 75 percent to certain forms of wealth like IRAs or 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. 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. Own a business? 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 assist you at any time and place you require him. He will provide post-mortem planning services and timely documents. Mishkin respects the past and prepares for the future through reliable, efficient estate administration.

Your Nearest Office

4380 S Macadam Ave
Suite 190
Portland, OR 97239

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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.