Cada año, celebramos el Mes de la Herencia Hispana en Los Ángeles y en todo Estados Unidos del 15 de septiembre al 15 de octubre. Además de participar en los numerosos y variados festivales y actividades planeados para el Mes de la Herencia Hispana, los abogados de planificación patrimonial de Los Ángeles en Schomer Estate & Wealth Advisors lo alientan a crear o actualizar su plan de sucesión. ¿Qué es el Mes de la Herencia Hispana? El Mes de la Herencia Hispana comenzó en 1968 como … [Read more...] about Mes de la Herencia Hispana en Los Ángeles
Estate Planning
Review Your Estate Plan During LGBT History Month
Every year in October, the LGBT community and its supporters celebrate LGBT History Month. If you will be among those who are celebrating the importance of LGBT history this October, you should also take the time to review and revise your estate plan. LGBT History Month reminds us that while great strides have been made in the fight for equality, protecting yourself, your assets, and your loved ones through comprehensive estate planning remains essential. The Los Angeles estate planning … [Read more...] about Review Your Estate Plan During LGBT History Month
The Intersection of Asset Protection Planning and Estate Planning – Part II
As part of the Estate Planning process, an attorney explores numerous topics with the client to help create a unique plan tailored to the client’s circumstances. Many estate plans use a trust as the centerpiece of the plan. Some clients want to explore asset protection and let the attorney know they want to consider offshore planning. Sometimes, offshore planning works, but often it causes additional issues. Read on to learn more. … [Read more...] about The Intersection of Asset Protection Planning and Estate Planning – Part II
The Intersection of Asset Protection Planning and Estate Planning – Part I
As part of the Estate Planning process, an attorney explores numerous topics with the client to help create a unique plan tailored to the client’s circumstances. Many estate plans use a trust as the centerpiece of the plan. Inevitably, clients want to understand the degree, if any, of asset protection that will result from the creation of a trust. There are numerous ways to achieve asset protection planning for a client. Read on to learn more. … [Read more...] about The Intersection of Asset Protection Planning and Estate Planning – Part I
The Inflation Reduction Act
President Biden scored a win on some issues, but a loss on others when he signed the Inflation Reduction Act into law. The legislation left the estate and gift tax alone and made modest changes to the income tax. The Act will have a significant impact on those on Medicare because of the cap on out-of-pocket prescription drug costs and insulin. Read on to learn more. … [Read more...] about The Inflation Reduction Act
What’s Estate Planning Got to do with Interest Rates – Part II
As interest rates continue to climb, Estate Planning practitioners look to different planning techniques to take advantage of rising rates. Two common estate planning techniques work well in higher-interest rate environments. Read on to learn more. … [Read more...] about What’s Estate Planning Got to do with Interest Rates – Part II
What’s Estate Planning Got to do with Interest Rates – Part I
Interest rates were at historic lows for many years. Those rates have begun to rise in recent months and may continue to do so. Practitioners need to monitor interest rates in order to advise clients regarding the most effective Estate Planning strategies in any environment. Read on to learn more. … [Read more...] about What’s Estate Planning Got to do with Interest Rates – Part I
What Is a Bequest vs. an Inheritance?
Like most areas of the law, estate planning includes concepts and legal jargon with which the average person is unfamiliar. For example, the words “bequest” and “inheritance” are often used interchangeably when, in fact, they are not always synonymous. To help you understand both terms, the Los Angeles estate planning attorneys at Schomer Estate & Wealth Advisors explain the difference between a bequest and an inheritance. What Is an “Inheritance?” While it may sound like the answer to one … [Read more...] about What Is a Bequest vs. an Inheritance?
Hispanic Heritage Month in Los Angeles
Each year, we celebrate Hispanic Heritage Month in Los Angeles and throughout the United States from September 15 through October 15th. Along with partaking in the numerous and varied festivals and activities planned for Hispanic Heritage Month, the Los Angeles estate planning attorneys at Schomer Estate & Wealth Advisors encourage you to create or update your estate plan. What Is Hispanic Heritage Month? Hispanic Heritage Month began in 1968 as Hispanic Heritage Week under President … [Read more...] about Hispanic Heritage Month in Los Angeles
How Can a Tax Apportionment Clause Benefit My Estate Plan?
Deciding how your assets will be distributed after you are gone is certainly an important estate planning goal; however, it should not be the only goal. Among the other important considerations in your estate plan should be the impact state and federal taxes, including gifts and estate and inheritance taxes, will have on your estate. Not only do you need to know what taxes will be incurred, but you should also consider how they will be paid and who will be responsible for paying them. With that … [Read more...] about How Can a Tax Apportionment Clause Benefit My Estate Plan?
