Estate Planning

Estate planning is an essential aspect of securing your family's future, especially when you have minor children. Protecting your minor child's inheritance requires careful and often complex estate planning because of the issues involved in gifting to minors.  By taking the time to plan properly, you can provide financial security and peace of mind for your child's future. With that in mind, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss how to protect your child’s … [Read more...] about How to Protect Your Child’s Inheritance in Your Estate Plan

Like many people, you may focus solely on amassing valuable assets when you think about estate planning. What you may not think about is the importance of including sufficient liquid assets in your estate plan. Liquidity, however, plays a critical role in estate planning by helping to ensure that debts, taxes, and other obligations are paid, and loved ones have quick access to much needed funds. To better explain, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss why it is … [Read more...] about Does Your Estate Have Sufficient Liquid Assets?

The likelihood of experiencing Alzheimer's disease, either personally or through a loved one, is significant. If you, or a loved one, were recently diagnosed with Alzheimer's disease, you are likely experiencing emotional challenges and attempting to make substantial adjustments in your life. Although the diagnosis is life-altering, there are meaningful steps you can take to prepare for the journey ahead. With that in mind, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss … [Read more...] about What to Do If You (or a Loved One) Are Diagnosed with Alzheimer’s Disease

On Veterans Day, we honor the courageous men and women who have served our country. Across Los Angeles, families gather to celebrate these heroes, recognizing not only their dedication but also the impact they've made on our lives and freedoms. With over 250,000 veterans currently residing in Los Angeles County, the importance of preserving their legacies and sharing their stories is more pertinent than many communities may realize. Creating an estate plan is one of the most meaningful ways … [Read more...] about How Families Can Honor Their Veterans: Preserving Legacies Through Estate Planning

Having a well-drafted and comprehensive estate plan in place is one of the most meaningful gifts you can give to your loved ones and to yourself. Given the complex nature of estate planning, it can be easy to make mistakes that can prevent your plan from working as intended. Working with an experienced estate planning attorney is always the best way to prevent making mistakes. In addition, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss seven common estate planning mistakes … [Read more...] about 7 Estate Planning Mistakes and How to Avoid Making Them

Creating an estate plan in Los Angeles is as essential as keeping an emergency kit ready. An effective estate plan protects your loved ones from legal battles and high probate costs, which can destabilize your family and deplete estate assets. Just as you secure your home against damage, preparing your estate ensures that your legacy remains safe from costly and time-consuming challenges. The Importance of Earthquake Preparedness Living in Los Angeles, you constantly hear about “The Big … [Read more...] about Preparing for “The Big One” — Estate Planning in Los Angeles

As we approach the holiday season, many individuals may not realize how this time of year can impact the probate process. While the holidays are a time for celebration, they can also introduce unique challenges and delays for families navigating the complexities of probate. Here’s what you need to know about the seasonal impacts on court schedules and probate timelines. 1. Court Closures and Reduced Hours During the holiday season, many probate courts have altered hours or are closed … [Read more...] about Winter Probate Delays: How the Holidays Affect the Probate Process

As the year winds down, many individuals and families turn their focus to estate planning and ensuring that their affairs are in order for the upcoming year. However, it's crucial to avoid common missteps that can complicate the probate process for your loved ones. Here are some key mistakes to watch out for as you prepare for the New Year. 1. Neglecting to Update Your Will and Estate Plan One of the most significant mistakes is failing to update your will and estate plan to reflect … [Read more...] about Common Probate Missteps to Avoid Before the New Year