Jan 15, 2002
NEWS: Gift Tax Exemption Now $11,000
Formerly one could give up to $10,000 per year to an individual recipient without filing a gift tax form. This amount has now been raised to $11,000.

Dec. 6, 2005
NEWS: Estate Tax Exemption Reaches 2 Million in 2006

Starting January 1, 2006, all estates under $2,000,000 will not be subject to any estate tax upon the transfer of the property. This excemption is to again be increased in 2009 to $3.5 million.

Jan. 27, 2004
NEWS: Generation Skipping Transfer Taxed Same Rate as Estate Exemption
Changes in Generation Skipping Transfer (GST) Taxes mirror the estate tax changes. GST taxes generally apply to inheritances that skip a generation. The GST tax exemption for a given year is equal to the estate tax exemption ranging between $1,000,000 in year 2002 and $3,500,000 in year 2009.

Welcome to Thompson Legal Firm: Serving you with quality and affordable legal services.

Why Is Thompson Legal Unique?
You receive the low costs of “self-help” law kits, and the assuredness and peace of mind of having licensed California lawyers draft and review your important legal documents, providing you the answers you need. Read more . . .

Please click below on the legal service you desire:
-OR-
Call (951) 925-3808 for personalized help.
(9:00 a.m. - 5 p.m. PST, Monday - Friday)

Legal Will - $195
The average cost of an attorney-drafted Will that provides the assuredness of legal compliance with the ever-changing legal and tax system of California is around $400.00. Costs go higher if there are potential issues of dispute, family-oriented needs such as the continuing care of minor children through Trust, many individualized gifts, large estates, or other complexities. (Couples, Joint Reciprocal Wills: $225)

Having a Last Will and Testament is very important and is foundational for estate planning. It will save your family much heartache and confusion to take the time now to clarify your testimentary wishes.

We are pleased to provide this service to you and your family as you wisely prepare to provide for the future for the ones you love.

Living Trusts - $845
A Revocable Living Trust is designed to avoid probate and save money and time for your family. It is becoming a highly popular means of estate planning. Your Trust can be an A-B type, standard, or any variation to best meet your needs. Click the red "start" button on the left and we will ask you the questions necessary to draft the Trust that serves you best. Most law firms charge around $1,500 or more for this Living Trust package that includes your Trust, Deeds for properties, "Change of Ownership" Tax Forms, and free "Pour-over" Last Will and Testament. (No additional cost for couples.)

 

 

Estate Planning Package - $1,495
This complete, comprehensive option includes analysis of your entire estate planning options and provides a customized plan to best meet your testamentary goals. It includes:
-Revocable Living Trust
-Last Wills and Testaments
-Trust Deeds for real property transfers
-Preliminary Change of Ownership Tax forms
-Letters necessary for property transfer
-Durable Power of Attorney for Finances (giving one you trust authority to pay bills on your behalf should you be unable to do so)
-Advanced Healthcare Directive (aka "Living Will")(giving one you trust authority to make health-related decisions on your behalf should you be unable to do so). This service elsewhere costs around $1,900-$3,500. (No additional cost for couples.)

Our goal is your trust and satisfaction with the legal documents that we draft for you in which your property- and care-related desires are accurately reflected with legal professionalism.

Don't know where to start? Don't be concerned. We are here to help. Click here for estate planning advice. Once you know what you need, it's simple!

Advanced Healthcare Directive (Living Will) $175 ($250 for couple)
Call for free consultation for this service: (951) 925-3808.

 

Frequently Asked Questions Check out our FAQ page for commonly asked questions. Here are a few samples:

A Will verses a Living Trust: How do I decide what is best for me?

What are estate tax considerations of a Will or Trust?

Will my house be reassessed at a higher tax rate if it is transferred to my living trust?

How do joint bank accounts or owning a house in Joint Tenancy affect my Will?