The Veteran’s Administration is beginning asset limits for qualification for the Aid & Attendance benefit. The limit goes into effect on October 18, 2018. If transfers are made prior to October 18, 2018, they will escape penalties on the transfer and the client would qualify. Read on for more information on this unique opportunity.New Asset Transfer Look-Back for VA Aid & Attendance Coming Soon: The Window of Opportunity is Closing Quickly! … [Read more...]
Estate Planning is for You, Not Just Your Parents or Grandparents
If you’re young and unmarried, do you really need an estate plan? The answer is “yes,” if you care what happens to you and your stuff. Read on to find out how an estate plan can help someone who is young and unmarried.Estate Planning is for You, Not Just Your Parents or Grandparents … [Read more...]
Special Accounts for People with Special Needs
ABLE accounts provide tax benefits and flexibility to disabled people. ABLE accounts are available to those disabled before age 26. Read on to learn more about ABLE accounts and how they can be used with a Special Needs Trust for maximum advantage.Special Accounts for People with Special Needs … [Read more...]
Los Angeles Estate Planning Lawyers Dispel the Stigma of a Prenup
Most people would agree that prenuptial agreements (or “prenups” as they are commonly called) have developed quite a stigma. Indeed, some people believe the mere mention of one dooms a marriage to failure. But, as our Los Angeles estate planning lawyers will explain, a prenuptial agreement does not have to be a sign of distrust. Instead, it should be seen as a promise of fairness between two people who love each other but still want to protect their assets.What is a Prenup and Why Does it … [Read more...]
Planning for the Client Moving Overseas
In this increasingly mobile world, clients often spend periods of time living in other countries, or even retiring overseas. How does one address estate planning in this situation? This article explains what to do.Planning for the Client Moving Overseas … [Read more...]
Why Should You Create a Special Needs Trust?
As the attorneys at the Schomer Law Group can assure you, trusts are quite helpful in estate planning. They provide a useful way to set aside assets for a chosen beneficiary for future use. There are specific trusts that serve specific purposes like ensuring future support for a loved one with special needs. The trustee you select will then manage and safeguard that proper and will only make it available to that person once the provisions of the trust document have been met.What Does the … [Read more...]
What’s a 529 Plan and What Are the Benefits to Using One?
Would you be interested in a way to save money for education and get tax benefits simultaneously? A 529 plan might be what you’re seeking. Find out more by reading the benefits of a 529 plan.What’s a 529 Plan and What Are the Benefits to Using One? … [Read more...]
Planning for Lottery Winners, Part 2 of 2
Lottery winners often end up in bankruptcy. Learn how an estate planning attorney can help you avoid mistakes and plan for your newfound wealth. The article looks at ways to protect the wealth and ways to benefit charity and others.Planning for Lottery Winners, Part 2 of 2 … [Read more...]
Planning for Lottery Winners, Part 1 of 2
A lucky winner recently won $320 million in the lottery. This article looks at an example of a prior winner’s mistakes. The next article in the series will examine strategies for lottery winners.Planning for Lottery Winners, Part 1 of 2 … [Read more...]
The Value of Orange County Estate Planning Attorneys
Estate planning is incredibly important for you and the future of your family. When you get ready to start your planning, the value of Orange County estate planning attorneys should not be overlooked. Estate planning attorneys are great resources when it comes to making a the appropriate choices with regard to the estate planning tools that best suit your needs and the needs of your family.What services can Orange County estate planning attorneys provide?Estate planning attorneys are … [Read more...]
