Acquiring assets may be an important goal; however, protecting the assets those assets is an equally important estate planning goal. If you divorce and remarry, for example, you may now want to preserve assets for both your new spouse and your children from the previous marriage. One way to do that is to make use of a specialized type of trust known as a Qualified Terminable Interest Property, or QTIP, trust. The Los Angeles trust attorneys at Schomer Estate & Wealth Advisors explain how you … [Read more...] about Should I Include a QTIP Trust in My Estate Plan?
Estate Planning
Estate Planning Terms Explained
Many Americans do not have an estate plan in place despite acknowledging the need for one. Often, this boils down to the fact that creating an estate plan for the first time can be intimidating. To help you feel more comfortable with the idea of creating your estate plan, the Los Angeles estate planning attorneys at Schomer Estate & Wealth Advisors explain common estate planning terms. Administrator. A person named by the court to represent a probate estate when there is no Will, or the Will … [Read more...] about Estate Planning Terms Explained
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
Double Your Gifting with Spousal Gift-Splitting
As you plan your strategy for 2022, it’s important to consider gifting, including spousal gifts. Your spouse could double your ability to make gifts of “annual exclusions” without being considered to have made a gift for estate tax purposes. Read on to learn more. … [Read more...] about Double Your Gifting with Spousal Gift-Splitting
The Evolution of our Unified Estate and Gift Tax System
Many individuals think that if their estate is below a certain amount that they need not be concerned with Estate Planning. As this article demonstrates, because the Estate Tax evolves constantly, it’s important to talk with a professional to create a plan to accomplish your goals. Read on to learn more. … [Read more...] about The Evolution of our Unified Estate and Gift Tax System
The Intersection of Legacy Contacts and Estate Planning
As more and more individuals get comfortable in the digital world, Estate Planning has changed to address the collection and transfer of digital assets. The widespread use of a legacy contact allows owners of digital content to determine what will happen with it after they die. Read on to learn more. … [Read more...] about The Intersection of Legacy Contacts and Estate Planning
Common Ways to Include Charitable Gifts in Your Estate Plan
Are you someone who gives regularly and generously to charity? If so, you may hope to continue your charitable gifting after you are gone. While you can simply make charitable gifts in your Last Will and Testament, there are other options that offer additional benefits to both you and to the recipient. The Los Angeles estate planning attorneys at Schomer Estate & Wealth Advisors discuss common ways to include charitable gifting in your estate plan. Charity and Your Lasting Legacy If giving … [Read more...] about Common Ways to Include Charitable Gifts in Your Estate Plan
Dejar a Sus Hijos una Herencia de Suma Global Puede No Ser Sabio
Si usted es padre, es probable que planee transmitir algunos, o todos, los activos de su patrimonio a sus hijos después de su muerte. Si sus hijos aún son menores de edad, no pueden heredar directamente de su patrimonio; sin embargo, una vez que sean adultos legales, puede dejarles activos directamente dentro de su plan de sucesión. El hecho de que puedas no significa que sea la mejor idea. Los abogados de Los Ángeles en Schomer Estate & Wealth Advisors discute por qué dejar a sus hijos una … [Read more...] about Dejar a Sus Hijos una Herencia de Suma Global Puede No Ser Sabio
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 Estate & Wealth Advisors urge you to ask yourself the … [Read more...] about Retirement Planning – 5 Questions to Consider
Tax Planning for 2022
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2022 is just starting, it’s not too early to think about planning for whatever it may bring your way. Read on to learn more. … [Read more...] about Tax Planning for 2022
