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    Schomer Law Group, Los Angeles Estate Planning and Elder Law and Elder Law Attorneys

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    Home » Asset Protection Planning

    Asset Protection Planning

    5 Threats to Your Assets

    January 17, 2022Asset Protection Planning

    Los Angeles estate planning attorneys

    Your estate plan should protect your assets while you are here as well as ensure they are distributed according to your wishes when you are gone. For your plan to protect your assets though, you must first identify the possible threats to those assets. Some of the ways in which your assets might be at risk are obvious; however, there are also likely ways in which your assets are at risk that you have not considered. To help you keep your assets safe, the Los Angeles estate planning attorneys at … [Read more...] about 5 Threats to Your Assets

    Asset Protection Planning: Secure Your Resources

    June 19, 2021Asset Protection Planning

    asset protection

    You work hard to accumulate your resources, and it is important to take the right steps to make sure that your assets are protected. In this post, we will look at the subject from an overview to give you some food for thought. Small Business Asset Protection If you own your own small business, you should be concerned about the potential impact of litigation. When you have a sole proprietorship, there is no legal separation between your business and your personal assets, so you may want to … [Read more...] about Asset Protection Planning: Secure Your Resources

    Asset Protection for Small Business Owner

    July 1, 2020Asset Protection Planning

    asset protection

    If you are a small business owner, you have to be concerned about asset protection. There are two structures that are very commonly utilized, and we will look at them here. Limited Liability Company One of the these asset protection structures is the limited liability company (LLC). If you establish your business as a limited liability company, generally speaking, your personal assets would be protected from entities that are trying to collect debts from the business. The protections are … [Read more...] about Asset Protection for Small Business Owner

    What is an Asset Protection Trust?

    March 22, 2019Asset Protection Planning

    asset protection trust

    Regardless of the size of your estate or the amount of your assets, protecting your wealth is always a concern. This means being able to protect your assets from creditors or other types of liability. There are different asset protection strategies available for those who want to protect as much of their estate as they can for their families. An asset protection trust is one great strategy for you to consider. When Should an Asset Protection Trust be Created? If you are wondering when to  … [Read more...] about What is an Asset Protection Trust?

    What Type of Trust Protects Assets?

    December 29, 2018Asset Protection Planning

    asset protection trusts

    Asset protection is one of many important goals for estate planning regardless of the amount of your assets.  Being able to protect your assets from creditors and other liability sources can be very beneficial. Asset protection strategies are necessary if you want to preserve as much of your estate as you can for your heirs. That can only be accomplished if you properly protect your assets.  Asset protection trusts are one method to consider. When Should Asset Protection Trusts be … [Read more...] about What Type of Trust Protects Assets?

    Why are Asset Protection Strategies Important?

    January 29, 2017Asset Protection Planning

    asset protection strategies

    Asset protection is one of the many important goals of estate planning.  Being able to protect your assets from creditors and other sources of liability can be very beneficial.  Asset protection strategies are important for preserving as much of your estate as you can for your heirs can only be accomplished if you properly protect your assets. When do I need to put my asset protection strategies in place? When should you start your asset protection planning? Now.  The general rule is – you … [Read more...] about Why are Asset Protection Strategies Important?

    Los Angeles Asset Protection Lawyer Explains Who is at Risk

    January 21, 2017Asset Protection Planning

    asset protection lawyer

    It is commonly understood that we live in a country that believes in litigation to resolve most disputes.  For that reason, the more assets you have, certainly the more you have to lose.  Only those with no income or assets can be “judgment proof.  If you have worked diligently to build a business or accumulate wealth for your family, then you stand to lose a substantial amount if you are ever sued.  That is why you need an asset protection lawyer to help you put sufficient asset protection … [Read more...] about Los Angeles Asset Protection Lawyer Explains Who is at Risk

    California’s Housing Market on the Rise: Do You have Asset Protection Strategies in Place?

    October 7, 2016Asset Protection Planning

    asset protection strategies

    The reports are in from the California Association of Realtors. California’s housing market in 2017 is predicted to show modest gains for the first time in six years. The group is meeting in Long Beach this week. Approximately 68 percent of the overall market consists of the sales of existing single-family homes, which are projected to rise 1.4 percent in 2017. This number is significant in light of the 0.4 percent drop in sales in 2016. So, before you buy that new home, be sure you have asset … [Read more...] about California’s Housing Market on the Rise: Do You have Asset Protection Strategies in Place?

    6 Mistakes to Avoid in Asset Protection

    May 13, 2016Asset Protection Planning

    asset protection

    If you consider the high costs of malpractice it is easy to see how important asset protection can be.  If you own a business or you are likely to face legal judgments or many potential creditors, asset protection planning is very important.  It is always better to be proactive when it comes to protecting your assets than engaging in damage control once it's too late.  But, more importantly, you need to know the most common mistakes to avoid in asset protection so that your plan will ultimately … [Read more...] about 6 Mistakes to Avoid in Asset Protection

    The Problem with Fraudulent Transfers

    November 6, 2015Asset Protection Planning

    An effective asset protection plan must also be a legal asset protection plan.  That means the plan must be set in motion before any creditor claims arise.  If not, any transfers you make in an effort to protect your assets, may be considered “fraudulent transfers.”  If that happens, both you and the person you transferred the assets to, may be in trouble.  Understanding the problem with fraudulent transfers can keep you on the right side of the law. How “fraudulent transfers” are defined A … [Read more...] about The Problem with Fraudulent Transfers

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    Client Review
    July 29, 2020
        

    We need to update our Living Trust and attended Schomer Law Group’s seminar. Afterwards we made an appointment and were impressed by the attention Scott Schomer and Liran Aliav gave to our case answering all questions and making suggestions how to minimize the estate tax. All the office staff is very friendly and we highly recommend Schomer Law Group.

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    July 29, 2020
        

    Mr. Schomer does an amazing job at explaining all the intricacies of establishing a trust. He and his team help you every step of the way so you always know what to expect and what you are preparing for. Best education you can get and the best gift you can give your family.

    Paula M.
    Client Review
    July 29, 2020
        

    We put off getting a trust for years. After attending a seminar with Scott Schomer we realized that the time had come to get a trust. We were given very good reasons for why we should get a trust. No pressure, just the plain facts. We are very relieved and happy to finally get our trust. Scott and Cesar were very knowledgeable, helpful and listened to our ideas of what we had to say. Any questions that we have now and in the future they are available to assist us to solve them. I recommend the Schomer Law Group and I wish we knew about them years ago.

    Phillip G.
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    July 29, 2020
        

    When you’re presented with an invitation to attend in a mailer, you may have reservations, this was a truly gift!! My wife and I were educated and guided through the process of creating a family trust.
    Both of our parents had attorney’s that “worked” with wills/trusts, but came up short. Fortunately, the Schomer Law Group was there! This is a group of attorney’s that only specialize in estate planning, law, and financial advice, so you know you’re getting expert and personalized advice. This is the best money we’ve ever spent!! Thank you!

    Bob L.
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    July 29, 2020
        

    We knew we had to update our 10 year old ( 20 page ) trust. After several detailed meetings, Liran and Cesar produced a large ( 300 pages + ) highly detailed trust document that we have used to make sure our family estate is well managed and clearly understood.
    They were all very helpful in answering myriad questions and explaining all the various options…

    We would strongly recommend the Schomer Law Group to anyone with an estate of even modest means, to assure proper planning…

    Bob S.
    Client Review
    July 29, 2020
        

    We had contemplated updating our will and starting a trust for a number of years. After attending a talk by Scott Schomer we realized we were long overdue and the potential downside of not having our affairs in order was significant. Scott and his excellent team made the process simple and seamless. They were great listeners, addressed all our concerns and even pulled and processed all the paperwork from our financial institutions. If you are looking for assistance with estate planning, wills and trusts, we highly recommend Schomer Law Group.

    Robert F.
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    July 29, 2020
        

    Very competent & informative – friendly atmosphere – ready to answer the most mundane questions – relaxed.

    Joan S.
    Client Review
    July 29, 2020
        

    Mr. Schomer was excellent in getting our family trust and estate affairs in order. My husband and I had put off doing this and Scott really made the process easy! He is very passionate in making sure his clients get all that they need and we really appreciated it. I would highly recommend him and look forward to the many years he will be available to assist our family.

    Kim

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