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Thompson | Von Tungeln Legal Blog

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...

The Advantages of Tax-Free Gifts

Posted by Thompson Von Tungeln | Jun 01, 2017 | 0 Comments

There are many reasons to hire an estate planning attorney when you are concerned about the financial security of your loved ones. However, a reason that is arguably the most significant is the issue of estate taxes, and a specialist's inside knowledge on the best ways to navigate the system. If ...

Financial Planning for Retirement

Posted by Thompson Von Tungeln | May 10, 2017 | 0 Comments

Many Americans understand the importance of retirement planning and many begin such plans early in life through employer programs or other methods. But facing the task of figuring out just how much to set aside for a comfortable retirement can be a daunting problem. There is no set amount that wi...

Family Legal Decision

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

What happens when your loved one approaches the point that they can no longer function independently? While definitely a scary time for many, a few steps must be taken to ensure their legal affairs are in order. The following are a few important points that must be discussed between you and famil...

Six Tips for Caregivers

Posted by Thompson Von Tungeln | Apr 12, 2017 | 0 Comments

So you've made the transition from child, niece/nephew, friend, or acquaintance to caregiver. Now what? Too many people have a wrong view of caregiving and end up either burning themselves out or give up on the task. To prevent such instances from happening to you, consider the following tips for...

Conducting Elderly Parent Care Meetings

Posted by Thompson Von Tungeln | Apr 04, 2017 | 0 Comments

As parents age, the difficult task of addressing elder care falls on adult children or other family and friends. Many children would love to seek advice from family members on the care of their parents, but maybe you're like some families and have those couple extended family members who will wan...

How Securities Are Valued At Death

Posted by Thompson Von Tungeln | Mar 29, 2017 | 0 Comments

Estate plans containing securities have specific rules that are best negotiated by a certified estate planning specialist. The federal government has specific rules for the valuation of securities and financial instruments included inside or outside of estate plans. Since there are a vast number ...

Move Quickly on Very Long Term Dynasty Trusts

Posted by Thompson Von Tungeln | Mar 22, 2017 | 0 Comments

For years now wealthy people have used dynasty trusts to shield their assets from estate taxes for tens and hundreds of years, or even forever. But the dynasty trust is under attack from a new piece of legislations in President Obama's 2012 budget. The bill would limit tax-free dynasty trusts to ...

Easing into Elder Care

Posted by Thompson Von Tungeln | Mar 16, 2017 | 0 Comments

Elder care is a giant step for most families who go through the transition of an older loved one living on their own to living with assistance. Some transition well, yet others can become discouraged by the lack of complete freedom. To ease your loved one into elder care (and to reduce the burden...

Antelope Valley estate planning law firm Thompson Von Tungeln is offering a March 4, 2011 seminar on Medi-Cal for Long Term Care and how to access this benefit without spending everything

Posted by Thompson Von Tungeln | Mar 01, 2017 | 0 Comments

Antelope Valley estate planning law firm Thompson Von Tungeln is offering a complimentary seminar on the Myths about Medi-Cal program and how those myths can affect long-term care planning. “Long-term care planning is an intricate process,” said Kevin Von Tungeln, partner at Thompson Von Tungeln...

Keep an Eye on Medicaid/Medi-Cal Developments

Posted by Thompson Von Tungeln | Feb 22, 2017 | 0 Comments

Medicaid is a program that affects millions of Americans. (California renamed its Medicaid program “Medi-Cal”). Originally established to help elderly citizens cover medical costs, the program has grown exponentially and is a large cost to many states. Since the federal government only pays 57% o...

The Importance of a Power of Attorney

Posted by Thompson Von Tungeln | Feb 17, 2017 | 0 Comments

In 1992, before Donna and Ollie Phillips began their family, they executed wills that named their yet to be born children as primary benefactors with the rest of their estate going to the Riley Hospital for Children. Years later, after not having any children, the Phillips set up durable powers o...

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