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...]
Trusts for Privacy
Trusts have many uses. Perhaps the most important is that they can provide privacy at death. Garry Shandling is thought to have used a trust to provide privacy for those he left behind.Trusts for Privacy … [Read more...]
Planning to Avoid Too Much SALT
The new tax law brought a cap of $10,000 on federal deduction for state and local taxes. People are trying different ways to get around the cap. Some of the ways work and others could land you in hot water. Read the article to find out more.Planning to Avoid Too Much SALT … [Read more...]
Living Trusts: True or False?
A living trust is a particularly useful estate planning tool and should be included in every estate plan. However, before you take that step, there are a few common myths regarding living trusts of which you should be aware. This article will debunk a few of the most common myths. For a complete understanding of how this estate planning tool can benefit you, discuss your options with your Los Angeles trust attorneys.Do I have to give up control of my property when creating a living … [Read more...]
