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

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

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    Home » Estate Planning

    Estate Planning

    Is It Time to Update Your Beneficiaries?

    May 18, 2022Estate Planning

    Los Angeles estate planning attorneys

    If you have an estate plan in place already, you already understand the importance of careful and thorough estate planning. Taking the time to create that plan, however, is only the first step toward protecting everyone and everything that is important to you. For the estate plan you created to function as intended, it must be modified from time to time. That may require you to add or delete estate planning tools or even entire components. It can also require you to update beneficiaries as … [Read more...] about Is It Time to Update Your Beneficiaries?

    The Importance of Liquidity in Your Estate Plan

    May 11, 2022Estate Planning

    liquidity

    Making sure that your loved ones can access the assets you leave behind after your death should be an important estate planning goal. To achieve this goal, you must ensure that your estate is comprised of sufficient liquid assets. If you have not considered the need for liquidity within your estate plan before, you are not alone. It is a commonly overlooked aspect of estate planning. To help you avoid making this common mistake, a Los Angeles estate planning attorney at Schomer Law Group, APC … [Read more...] about The Importance of Liquidity in Your Estate Plan

    What Is a GRIT and Do I Need One?

    May 7, 2022Estate Planning

    Los Angeles trust attorney

    To ensure that your estate doesn’t lose assets to federal gift and estate taxes you may need to include tax avoidance strategies in your estate plan. One estate planning tool that can provide tax avoidance benefits is a Grantor Retained Income Trust, or GRIT. Always consult with your estate planning attorney before deciding what tools to incorporate into your estate plan. In the meantime, however, a Los Angeles trust attorney at Schomer Law Group, APC explains what a GRIT is and why you might … [Read more...] about What Is a GRIT and Do I Need One?

    What an In Terrerem Clause Can Do for You

    May 5, 2022Estate Planning, Legal Education, disinherited beneficiary, in terrorem clause, no contest clause, Trust, Will

    Estate Planning practitioners field questions regarding disinheriting beneficiaries regularly. The second question often relates to what happens when that beneficiary or any other tries to have the estate plan or portions thereof overturned. An “in terrorem” or “no contest” clause usually acts as a deterrent to such beneficiaries by completing divesting them of their inheritance should they choose to initiate a lawsuit. Read on to learn more … [Read more...] about What an In Terrerem Clause Can Do for You

    Business Succession Planning May Be Easier than You Think

    May 2, 2022Estate Planning, Legal Education, Attorney, Business succession

    Many Estate Planning attorneys shy away from business succession planning, but if you approach it like you do any other asset, it’s not so scary! First, it’s important to understand that entities involve not just the business relationship, but family relationships as well. Often, businesses start with one or maybe two members of a senior generation who have the funds, desire, and connections to create the business. It’s not always clear, though, what will happen when that senior generation … [Read more...] about Business Succession Planning May Be Easier than You Think

    The Toll of Serving as Fiduciary

    May 2, 2022Estate Planning, Legal Education

    Estate Planning attorneys balance competing interests when helping clients decide who they should name as personal representative and trustee. Some of the factors that a client needs to consider are the nominee’s responsibility, financial savvy, and temperament. These factors influence the fiduciary’s ability to pay debts, expenses, claims, negotiate on behalf of the estate, and to conclude the administration of the estate or trust. While many individuals consider acting in this capacity a great … [Read more...] about The Toll of Serving as Fiduciary

    The Power in Powers of Appointment

    May 2, 2022Estate Planning, Legal Education, GPOA, LPOA, powers of appointment

    Estate Planning attorneys balance competing interests when creating estate plans. Uncertainty about the future concerning taxes and each beneficiary’s situation requires flexibility in an Estate Plan. Powers of appointment offer Estate Planning attorneys a way to add flexibility to a plan without complication. When creating powers of appointment, it’s important to consider not only the reason for including the power but also the way it needs to be exercised. Read on to learn more … [Read more...] about The Power in Powers of Appointment

    Can I Prevent People from Contesting My Will?

    April 30, 2022Estate Planning

    irrevocable trust

    Your Last Will and Testament is intended to create a roadmap for the distribution of your estate after you are gone. What happens though if someone challenges the validity of your Will by filing a Will contest? Not only will the litigation that ensues be costly, in terms of both time and money, but if the contestant is successful your wishes regarding your assets will not be honored.  To help you protect your assets and your wishes, the Los Angeles estate planning attorneys at Schomer Law … [Read more...] about Can I Prevent People from Contesting My Will?

    Tips for Making Gifts to Grandchildren

    April 29, 2022Estate Planning

    Los Angeles estate planning attorneys

    One of the inherent joys in being a grandparent is the ability to spoil your grandkids. You may wish to continue doing so after you are gone by including gifts to your grandchildren in your estate plan. Doing so, however, can be tricky and may cause you a certain amount of internal conflict. To help you incorporate those gifts into your estate plan, the Los Angeles estate planning attorneys at Schomer Law Group, APC offer some tips for making gifts to grandchildren. .  By incorporating … [Read more...] about Tips for Making Gifts to Grandchildren

    What Is Veterans Aid and Attendance?

    April 27, 2022Estate Planning

    Los Angeles estate planning attorneys

    As a veteran, or the surviving spouse of a veteran, you likely know about some of the more common benefits available to you through the Veterans Administration (VA). You are probably also aware of the complex maize that must often be navigated to get approved for the benefits to which you are entitled. What you may not know is that you could be entitled to benefits from the “Veterans Aid and Attendance (VA&A)” program. For veterans and/or survivors living on a fixed income, the additional … [Read more...] about What Is Veterans Aid and Attendance?

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    Testimonials

    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.

    Frank & Jutta R
    Client Review
    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.
    Client Review
    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.
    Client Review
    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.
    Client Review
    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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