Antelope Valley Estate Planning and Living Trusts
Our estate planning lawyers prepare 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.
We show our clients how a revocable living trust and pour-over will can achieve the following objectives:
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.
Our Antelope Valley estate planning attorneys also prepare life insurance trusts. 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 estate planning attorney at Thompson Von Tungeln, A P.C. in Lancaster.