Estate Planning Attorney La Pine, OR
Jonathan Mishkin is an estate planning lawyer with offices in Oregon's Portland, Bend and West Linn. His over 22 years of expertise will allow him to help you plan your affairs to avoid probate and reduce estate tax.
Mr. Mishkin makes use of partnerships/LLCs and revocable trusts. His goal is to maximize the income and estate tax benefits for clients and lower their overall tax burden. He allows clients to choose when they want to transfer control of their assets to the next generations.
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:
- 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 in La Pine, OR
Following a death, probate proceeding may be required to sort out the person's affairs. The Will is the document that guides probate and expresses the wishes of the deceased.
This is not always an easy task. Beneficiaries can disagree on the amount and distribution of assets during probate administration. Emotions can become a problem when these issues are among family members. 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 La Pine, OR
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 care. Both of these require planning in regards to what type of conservatorship or trust to use, how to pay for medical care, and ensuring proper networks are in place to provide competent and quality 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.
Guardianship/Conservatorship in La Pine, OR
Persons may lose the ability to manage their personal and financial affairs if they become physically or mentally disabled. In such cases, the court can give that authority to another person, making them the person's guardian or conservator.
In the case of guardianship, this enables the guardian to manage and control a person's physical care and custody. A conservator, however, is responsible for managing the person's financial matters. 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 La Pine, OR
These documents are not one and the same, so only one document is needed 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 living trust acts as a private, contractual agreement that details the rules a client has regarding their assets to be held for the benefit or heirs and 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 remove the need to probate. It will also allow the person handling the estate to save money while also saving time.
Digital Assets Estate Planning in La Pine, OR
Many of our clients' personal and business data, as well as their businesses, are now electronically stored thanks to the rapid development of technology in the last decade. Digital assets can include things like photos you have uploaded online, social media histories, and documents in online storage services.
Although many people may not think of these assets, they can be important for financial or emotional reasons. 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 in La Pine, OR
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, including every blended family, is 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 La Pine, 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 cause complications when it comes to 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 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 La Pine, OR
J Mishkin Law is often contacted by small-business owners. It doesn't matter how small or large a business may be, it is important to have a plan for the business in case the owner passes away, becomes disabled, or retires.
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.
Charitable Planning in La Pine, 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 can change the charity recipient at any time and create an income stream to your loved ones that is similar to an annuity.
Private foundations may also be an option for larger estates. 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 La Pine, OR
It depends on the laws of the country that executed the will. 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 what your situation is, we will take into consideration your unique circumstances and view them through a multijurisdictional lens. J Miskin Law is familiar with the impacts of international estate plans and the associated taxes, assets, as well as liabilities.
Contact a La Pine, 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. 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. Consequentially, children and other beneficiaries may receive less than half of the family's wealth.
Mr. Mishkin, an estate lawyer, creates plans that take advantage of every tax code nuance and works hard to understand your 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.
He will also provide generational planning so that your family's wealth can be preserved optimally and handed to the future generations. Have a business to run? He can assure business continuity and value for your family, shareholders, employees and customers.
It is hard enough to lose a loved ones without an estate planning lawyer. 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 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.