Estate Planning Attorney West Linn, OR

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Jonathan Mishkin works as an estate planning attorney in Oregon. He has offices in 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 uses revocable and irrevocable trusts and partnerships/LLCs as well as charitable entities to maximize available income and estate tax benefits in order to lower the 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 of Jonathan D Mishkin offers these estate planning services:

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Probate and Trust/Estate Litigation in West Linn, OR

After a person dies, probate proceedings may be required in order to manage their affairs. The Will acts as the guideline to probate, expressing the person's wishes.

This is not always an easy task. During the probate and trust administration period, beneficiaries may disagree on the value of assets and how those assets are to be distributed. As these issues are typically amongst family members, emotions can come to the forefront and make a tough situation even more difficult. 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 in West Linn, OR

As family members age, it's important to understand their wishes for the future and have these documented in accordance 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. These two issues require planning around how to fund medical care and what type of trust or conservatorship to use.

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.

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Guardianship/Conservatorship in West Linn, OR

Individuals who become mentally or physically disabled may not be able manage their financial and personal affairs. In such cases, the court can give that authority to another person, making them the person's guardian or conservator.

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 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 West Linn, OR

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 designates an executor to handle the estate of a deceased client. 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 is a contract that outlines the rules the client has for assets to be held in their name. These trusts are very useful when a client is approaching a certain age, or has a medical condition requiring assistance with their 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.

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Digital Assets Estate Planning in West Linn, OR

Thanks to the rapid advancement of technology over the last few decades, many of our clients' businesses and personal data is now stored electronically. Digital assets can include photos uploaded online, social media histories and documents stored in online storage.

Although many people may not think of these assets, they can be important for financial or emotional reasons. 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 in West Linn, OR

Blended families are becoming more popular in recent years, with over half of all marriages ending in divorce. 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 is familiar with the details behind these decisions. We can help you weigh up all your options and make the best decision possible for you and your loved ones.

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Estate Planning for Same-Sex Couples in West Linn, 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 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. These cases will see the assets being passed on to the deceased's relatives. This may not be in line with the person's wishes. An estate plan is necessary in these cases and for many other reasons, including estate tax, funeral arrangements and guardianship over any children.

Business Succession Planning in West Linn, OR

J Mishkin Law has many clients who 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.

Every sole proprietorship should have an exit strategy in place for any eventuality. 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.

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Charitable Planning in West Linn, OR

Consider charitable planning for your estate plan if you are a regular donor to charity. 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.

Private foundations may also be an option for larger estates. These foundations can be advantageous as clients retain control of the management and are eligible for income tax charitable deductions.

International Estate Planning in West Linn, OR

Wills may not be recognized in certain countries depending on the laws of that country. 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 your situation, we take your individual circumstances and look at them through a multi-jurisdictional lens. J Miskin Law is familiar with the impacts of international estate plans and the associated taxes, assets, as well as liabilities.

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Contact A West Linn 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, an estate lawyer, creates plans that take advantage of every tax code nuance and works hard to understand your objectives. Mr. Mishkin will work with you to make the best decisions and provide appropriate recommendations by listening to your needs, goals, and perspectives. Your plan will be able to satisfy both you and your family.

He provides generational planning that ensures your family's wealth will be retained for future generations. Are you a business owner? He can guarantee business continuity for your family members, 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 will respect the past while making plans for the future with a reliable and professional estate administration.

Have Estate Planning Questions? Contact Us

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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.

estate-plan-optimized