Lancaster Estate Planning Attorneys
Leave Your Legacy Alive. Contact Our Antelope Valley Lawyers.
When the time comes to consider your estate plan, or to review an existing plan, contact an experienced Lancaster estate planning attorney at Thompson | VonTungeln A.P.C. in the Antelope Valley. Our team prepares custom estate plans that address your particular circumstances and objectives. While a properly drafted and executed last will and testament will suffice to transfer assets to your heirs and beneficiaries, it will not resolve problems with probate avoidance, estate taxes, or effectuating your preferences in the event of incapacity.
To learn more about your options or to discuss your needs with our firm, call (661) 426-2499 or contact our firm online.
Knowledgeable Legal Counsel to Fit Your Needs
We show our clients how a revocable living trust and pour-over will can achieve the following objectives:
- Transfer assets from your estate while maintaining the control and benefit of the assets during your lifetime, and at the same time avoiding or minimizing the burden and expense of probate
- Reduce exposure to estate taxes by means of a revocable living trust
- Make sure that all assets are transferred into the living trust by means of the pour-over will
A revocable living trust does not entirely displace a will, even though it is intended to hold assets that would otherwise transfer by will. Guardianship of minor children can and should be designated in a will. Together with a trust instrument holding assets on behalf of the child to age 25 or beyond, the guardianship terms of a will can avoid the need for a formal guardianship proceeding.
Creating Comprehensive Estate Plans
Our Lancaster estate planning attorneys also prepare life insurance trusts for our clients throughout the Antelope Valley. These trusts can either serve as a means of transferring assets outside of probate upon death, or as a fund from which estate taxes can be paid if they cannot be avoided altogether.
We also advise our clients about durable powers of attorney and advance health care directives. Durable powers of attorney designate a trusted individual to make financial decisions on your behalf in the event of incapacity. Advance health care directives cover medical decisions in similar circumstances. The advance directive also makes clear your preferences for medical treatment and life support under extreme and terminal conditions and also can express your preferences about organ donation. At the same time, these documents can protect both you and your family from the difficulty and expense of a conservatorship.
For additional information about wills, trusts, and incapacity planning, contact an experienced Lancaster estate planning lawyers at Thompson | VonTungeln A.P.C.