Leave Your Legacy Alive. Contact Our Expert Estate Planning Lawyers.
When the time comes to consider your estate plan, or to review an existing plan, contact an experienced estate planning attorney at Thompson Von Tungeln. 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.
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 minors 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.
Advantages of Estate Planning
Do you currently own a home? If so, estate planning is for you. It can provide you and your family with multiple benefits. An estate plan makes sure nothing is left to chance after you pass. It makes sure all of your assets are accounted for. The benefits include:
Ensures Your Family and Loved Ones Are Taken Care Of
Protects Your Children
Decreases Your Estate Taxes
Avoiding the Probate Process
Prepares for Incapacity
When you have an experienced estate planning attorney on your side, you can ensure your assets are protected and your family is cared for. The estate planning attorneys at Thompson Von Tungeln are here to help guide you through the process of creating an estate plan. Call us today for a consultation.
Creating Comprehensive Estate Plans
Our estate planning attorneys also prepare life insurance trusts for our clients throughout California. 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.