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Thompson Von Tungeln Legal Blog

What Makes Power of Attorney so Useful

Posted by Thompson Von Tungeln | Jun 15, 2021 | 0 Comments

A power of attorney is a legal document that allows you to appoint a person or organization to manage your property, financial, or medical affairs if you become unable to make decisions for yourself. However, there are several types of power of attorney that work to achieve separate goals. Below,...

The Probate Process and How You Can Avoid It

Posted by Thompson Von Tungeln | Apr 12, 2021 | 0 Comments

Unfortunately, when people think about estate planning, they often think first or only of a Will. Even in mainstream media, they most often talk about a Will, that so and so is being “cut out of the Will”, or some well-known celebrity's Will is being contested or fought over by a spouse or distan...

What Efficient Trust Administration Looks Like

Posted by Thompson Von Tungeln | Feb 26, 2021 | 0 Comments

Being designated to manage or administer the assets of a trust or succeeding a trust can be a heavy burden to bear. Below, we offer guidance as to what responsibilities a trust administrator holds, as well as ways to better perform these duties. What is Trust Administration? Trust administration ...

Your All-Inclusive Estate Planning Guide 2021

Posted by Thompson Von Tungeln | Jan 22, 2021 | 0 Comments

Planning your estate is one of the biggest steps you can take to safeguard the future of your loved ones. Even though a last will and testament can succeed in transferring assets to heirs and beneficiaries, they are not able to avoid issues found in probate, estate taxes, or protect your interest...

Having the Difficult, But Necessary Conversations

Posted by Thompson Von Tungeln | Oct 01, 2020 | 0 Comments

With the coming of the Fall season, we are also about to head into a time of year filled with a number of holidays where we might be around and with family. This is always time of year that I advise my clients to consider having some often difficult, but necessary, conversations with their loved ...

Guess What Might Be Back?!

Posted by Thompson Von Tungeln | Sep 01, 2020 | 0 Comments

The government may be trying to get their hands into your and your loved ones' pockets again – – and in a VERY BIG way! I am not going to predict which political party will win the November election and control the Presidency, Senate, and House. But I do need to let you know what may happen ...

Why I Love LegalZoom

Posted by Thompson Von Tungeln | Apr 09, 2018 | 0 Comments

There are numerous reasons I love LegalZoom. Here are a few: First, my ideal estate planning clients do not use LegalZoom for their estate planning. The people who use LegalZoom would never go to a lawyer who is not dirt cheap. Unfortunately, experienced estate planners are not dirt cheap. Theref...

Top Scams Against the Elderly

Posted by Thompson Von Tungeln | Jan 10, 2018 | 0 Comments

Please take a moment and check out the short article in the link below. Awareness is the first step in stopping crimes against our elderly citizens. Crimes against the elderly are epidemic in our society. www.caring.com/blogs/fyi-daily/top-scams-against-older-adults Caring.com is a great resourc...

Avoiding Probate with a Small Estate Affidavit

Posted by Thompson Von Tungeln | Dec 13, 2017 | 0 Comments

Legal planning and estate strategies seem a smart move for those with large estates that take much planning, but what about the family who doesn't have much of an estate to transfer? What about those with minimal estates? How can they avoid probate? Thankfully, probate can be avoided no matter th...

How Living Trusts Avoid Probate

Posted by Thompson Von Tungeln | Oct 18, 2017 | 0 Comments

The point of creating a will and planning an estate is to organize your affairs before death so that all monies and properties are transferred efficiently and quickly to the desired recipients. The more prepared you are, the easier the process will be after you are gone. Having your estate enter ...

Why Avoid Probate?

Posted by Thompson Von Tungeln | Oct 05, 2017 | 0 Comments

Most people realize that probate is not a favorable process to encounter after the death of a loved one. But why should you avoid probate? What exactly is it about probate that makes it so undesirable? Consider the main drive of avoiding probate—probate fees and the 18 months or so it take to go ...

Should I Avoid Probate?

Posted by Thompson Von Tungeln | Sep 20, 2017 | 0 Comments

When settling the estate of a loved one, most times friends and family will face the reality of probate. While avoidable, most estates enter probate and face a months-long process of settling the estate through probate court. This process can become costly and time-consuming, and can prolong the ...

Does All Property Have to Go Through Probate?

Posted by Thompson Von Tungeln | Sep 06, 2017 | 0 Comments

Most people fear the probate process and wish to avoid it at all costs. True, the probate process can lengthen the grieving process for the death of a loved one and prolong the settling of the estate, but for the most part it is a necessary process after a loved one has passed on. While it is nec...

How Does the Probate Process Work?

Posted by Thompson Von Tungeln | Aug 02, 2017 | 0 Comments

Preparing for death includes facing some difficult situations and preparing for what will come after you or a loved one is gone. One aspect of settling a deceased loved one's estate is the probate process. Often plans are not made for the probate process, leaving the will executor or appointed ex...

How to Avoid Probate in California

Posted by Thompson Von Tungeln | Jul 27, 2017 | 0 Comments

In California, the number one goal in estate planning is to avoid probate. California has one of the most rule driven, expensive and time consuming probate systems in the nation. As a result, it makes great sense to avoid probate in the first place. How does one avoid probate? The best method in ...

Probate: Defining Probate

Posted by Thompson Von Tungeln | Jul 21, 2017 | 0 Comments

Estate planning can sometimes be presented as a headache or painful task, yet the rewards of properly caring for an estate are many. Consider this fact: when you pass, everything you own must be transferred to someone else. Ideally, you will have established a trust which will clearly outline who...

Probate: Having a Will vs Not Having a Will

Posted by Thompson Von Tungeln | Jul 06, 2017 | 0 Comments

Dealing with the death of a loved one can be a difficult and painful process. The emotional roller coaster of dealing with death compounds the necessary process of settling the deceased's estate. One aspect of settling an estate that should be avoided is probate. Probate is the legal process of s...

Avoiding Retirement Planning Mistakes

Posted by Thompson Von Tungeln | Jun 21, 2017 | 0 Comments

I once ran into a retiree who had a considerable amount of wealth and lived very luxuriously. Over the course of our conversation it was discovered that he had spent his entire life working as a janitor of an elementary school. Floored, I asked the obvious, “How did you accumulate such worth in s...

Recognizing Financial Elder Abuse

Posted by Thompson Von Tungeln | Jun 14, 2017 | 0 Comments

As parents and older loved ones age, they can find themselves unadjusted to a new dynamic of society. Where once they might have trusted many people in their younger days, they're now faced with the sad reality that not everyone who offers help is truly interested in helping them. As a younger ca...

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