Si ya tiene un plan de sucesión en su lugar, ya comprende la importancia de una planificación patrimonial cuidadosa y exhaustiva. Sin embargo, tomarse el tiempo para crear ese plan es solo el primer paso para proteger a todos y todo lo que es importante para usted. Para que el plan patrimonial que creó funcione según lo previsto, debe modificarse de vez en cuando. Eso puede requerir que agregue o elimine herramientas de planificación patrimonial o incluso componentes completos. También … [Read more...] about ¿Es Hora de Actualizar a Sus Beneficiarios?
Estate Planning
How Can Creating a Family Limited Partnership Help My Business?
Starting a business is part of the “American dream” for many people. If you are one of those people, and you hope to one day pass down your business to the next generation, the key is planning early and planning well. Sadly, many family businesses do not successfully make the transition from one generation to the next because the matriarch or patriarch failed to do so. To help make sure your business is protected, the Los Angeles estate planning attorneys at Schomer Law Group, APC explain how … [Read more...] about How Can Creating a Family Limited Partnership Help My Business?
Estate Planning – Something You Shouldn’t Do Yourself
It’s tempting to think that by taking the time to hand-write your Will or preparing a do-it-yourself plan, you can avoid many of the issues that arise with a Will. In fact, the opposite may be true. By handwriting your Will or preparing a do-it-yourself plan, you may be creating more issues for your family. Read on to learn more. … [Read more...] about Estate Planning – Something You Shouldn’t Do Yourself
Application of the Updated Life Expectancy Tables
Since the creation of Individual Retirement Accounts in 1971, they have become an increasingly important part of a well-balanced Estate Plan. Taxpayers contribute to the IRA. Upon attaining a certain age, the taxpayer begins taking distributions based upon tables promulgated by the Internal Revenue Service. The Internal Revenue Service recently updated those tables which will significantly impact certain taxpayers. Read on to learn more. … [Read more...] about Application of the Updated Life Expectancy Tables
Start 2022 the Right Way
The New Year gives us an opportunity to start fresh. If you don’t yet have an estate plan, now’s a great time to make an appointment with an Estate Planning attorney to talk about your goals and concerns. If you already have one, the New Year gives you an opportunity to review it to ensure that it still accomplishes your goals or to make any necessary changes. Read on to learn more … [Read more...] about Start 2022 the Right Way
Retirement Planning – 5 Questions to Consider
You may have started planning for retirement as soon as you entered the workforce. After all, most of us are told that the earlier you begin your retirement plan, the more comfortable you will be during your retirement years. If you are now nearing your retirement years, however, there are additional things to consider to make sure your affairs are prepared. To help you get started, the Los Angeles estate planning attorneys at Schomer Law Group, APC urge you to ask yourself the following five … [Read more...] about Retirement Planning – 5 Questions to Consider
Leaving Your Children a Lump Sum Inheritance May Not Be Wise
If you are a parent, you likely plan to pass down some, or all, of your estate assets to your children upon your death. If your children are still minors, they cannot inherit directly from your estate; however, once they are legal adults you can leave assets directly to them within your estate plan. Just because you can though doesn’t mean it’s the best idea. The Los Angeles trust attorney at Schomer Law Group, APC discuss why leaving your children a lump sum inheritance may not be … [Read more...] about Leaving Your Children a Lump Sum Inheritance May Not Be Wise
What Is a Reverse Mortgage?
It probably seems like the advertisements for reverse mortgages are never-ending and it is clear they are aimed at seniors. If you are a senior, and you are living on a tight budget or you need an influx of cash to pay for unexpected expenses, you may be wondering if a reverse mortgage is the answer. A Los Angeles estate planning attorney at Schomer Law Group, APC explains how a reverse mortgage works. Reverse Mortgage Basics A reverse mortgage is a loan for senior homeowners that allows a … [Read more...] about What Is a Reverse Mortgage?
The Importance of Insuring Real Estate
Transferring real estate to a trust has become a widely used tool in estate planning. Unfortunately, it’s easy to overlook important aspects of the transfer that lead to unintended consequences. With careful planning, you can avoid these traps. Read on to learn more. … [Read more...] about The Importance of Insuring Real Estate
Learning and Camaraderie at the Academy Summit
The Academy takes learning seriously. The Academy’s Spring Summit included numerous substantive legal education sessions, as well as sessions on marketing and law office management. The virtual conference also included opportunities for networking and fun. Read on to learn more. … [Read more...] about Learning and Camaraderie at the Academy Summit
