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Schomer Law Group, Los Angeles Estate Planning and Elder Law and Elder Law Attorneys

Schomer Law Group, Los Angeles Estate Planning and Elder Law and Elder Law Attorneys

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family-owned business

The Importance of El Segundo Small Business Planning

January 5, 2018family-owned business

El Segundo small business planning

Owning and operating any type of business comes with certain risks, including exposure to legal and financial liabilities. However, not every business owners recognize ever risk, legal or financial, to which they are exposed. Every legally binding agreement that you enter into has specific consequences that should be considered carefully.  With appropriate El Segundo small business planning, you can reduce and possibly eliminate financial and legal risks. El Segundo strategies for promoting … [Read more...] about The Importance of El Segundo Small Business Planning

New Retail Furniture Chain Coming to Huntington Beach

October 25, 2017family-owned business

business planning

By 2018, Bob’s Discount Furniture will be opening six stores in Orange and Los Angeles Counties. This retailer is known across the East Coast and Midwest. The Bob’s Discount Furniture shop coming to Huntington Beach will replace the closed Sports Chalet store that closed in 2016 due to bankruptcy. The new stores plan to open on February 15th and will be the first of their kind on the West Coast. The success of this retailer is no doubt a result of good business planning. The success of Bob’s … [Read more...] about New Retail Furniture Chain Coming to Huntington Beach

LA County Fair has Huge Economic Impact on Business

September 12, 2016Estate Planning, family-owned business

LA County Fair

If you haven't heard, the LA County Fair has returned to Pomona for the entire month of September. It is said that the volume of business the fair brings to the area is of "Super Bowl proportions." According to some reports, the economic impact of the LA County Fair to the Los Angeles region was close to $300 million in the past. That includes both direct and indirect spending related to the event. Officials are expecting the impact to be the same this year. If your local business benefits from … [Read more...] about LA County Fair has Huge Economic Impact on Business

What Happens to Your Business After a Divorce?

December 21, 2015family-owned business

Business owners are often too caught up in promoting the growth of their businesses that they fail to take into considerations the consequences divorce may have on that business.  The same is true for happily married couples, who never consider the possibility of divorce.  But the reality is, if the terms of a divorce are not handled properly, the business could suffer.  The potential for serious consequences to your business after divorce can be managed, or even eliminated, if you plan for … [Read more...] about What Happens to Your Business After a Divorce?

Understanding the Benefits of Pass-through Businesses

December 21, 2015family-owned business

Pass-through businesses are the most common entity chosen for family-owned and closely-held businesses. Consequently, the number of pass-through business entities has increased substantially over the last 30 years.  On the other hand, the number of traditional corporations has decreased.  Now, pass-through businesses make up nearly 94% of all businesses, and they earn more than 64% of total business net income in the United States.  Also, pass-through businesses employ more than half of the … [Read more...] about Understanding the Benefits of Pass-through Businesses

What is a Buy-Sell Agreement?

November 6, 2015family-owned business

The purpose of estate planning is to plan for the future.  If you own a business, some day the control of that business will need to pass on to someone else.  There are provisions in most state laws that will determine who will be next in line to manage your business.  However, you can make that decision for yourself now, through proper estate and business planning.  Planning ahead can reduce the conflict between family members later on, while reducing taxes and ensuring that your desires for … [Read more...] about What is a Buy-Sell Agreement?

What is a Family Limited Partnership?

November 6, 2015family-owned business

When used properly, a Family Limited Partnership can help families in handling their money, property and other family investments.  This is especially important to families that have considerable real estate holdings.  Family Limited Partnerships can actually be very profitable, saving families thousands of dollars in estate and gift taxes, while providing protection from creditors.  What is a Family Limited Partnership and how can it help you?  This article will answer those questions for … [Read more...] about What is a Family Limited Partnership?

What is Succession Planning?

November 6, 2015family-owned business

If you would like to see your family-owned business, and the legacy it creates, be passed down to your children and grandchildren, for generations to come, it is crucial that you consider the succession of your business.  For that, you need to create a proper business succession plan. The benefits of a business succession plan At some point, you will begin to consider retirement from managing your family-owned business.  But, it will not be as easy as submitting your letter of resignation.  … [Read more...] about What is Succession Planning?

How to Avoid the Fight over the Family Farm

November 6, 2015Article, family-owned business

Family businesses, and family farms in particular, involve unique legal issues in estate planning.  The estate plan itself can be complex, as it covers a wide range of legal issues, including planning for death, disability and incapacity.  There are certain tax and business succession concerns that are unique to family farms, especially.  However, nothing holds a candle to the deep emotional attachments that form amongst family members with regard to family farms. This emotional element of a … [Read more...] about How to Avoid the Fight over the Family Farm

Do You Have a Disaster Plan for your Farm Animals?

November 6, 2015Article, family-owned business

Disaster preparedness is important for all of us, including our pets and other animals in our care.  That especially includes livestock.  If you own a farm, you know that the size of the animals and their shelter and transportation needs make them a special burden.  A disaster can happen any time, and anywhere.  Danger can come from hurricanes and tornadoes, or even barn fires.  Regardless of whether you need to evacuate or shelter in place, it is essential that you have a plan, so you can … [Read more...] about Do You Have a Disaster Plan for your Farm Animals?

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Schomer Law Group, Los Angeles Estate Planning and Elder Law Attorneys

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Testimonials

Client Review
July 29, 2020
    

We need to update our Living Trust and attended Schomer Law Group’s seminar. Afterwards we made an appointment and were impressed by the attention Scott Schomer and Liran Aliav gave to our case answering all questions and making suggestions how to minimize the estate tax. All the office staff is very friendly and we highly recommend Schomer Law Group.

Frank & Jutta R
Client Review
July 29, 2020
    

Mr. Schomer does an amazing job at explaining all the intricacies of establishing a trust. He and his team help you every step of the way so you always know what to expect and what you are preparing for. Best education you can get and the best gift you can give your family.

Paula M.
Client Review
July 29, 2020
    

We put off getting a trust for years. After attending a seminar with Scott Schomer we realized that the time had come to get a trust. We were given very good reasons for why we should get a trust. No pressure, just the plain facts. We are very relieved and happy to finally get our trust. Scott and Cesar were very knowledgeable, helpful and listened to our ideas of what we had to say. Any questions that we have now and in the future they are available to assist us to solve them. I recommend the Schomer Law Group and I wish we knew about them years ago.

Phillip G.
Client Review
July 29, 2020
    

When you’re presented with an invitation to attend in a mailer, you may have reservations, this was a truly gift!! My wife and I were educated and guided through the process of creating a family trust.
Both of our parents had attorney’s that “worked” with wills/trusts, but came up short. Fortunately, the Schomer Law Group was there! This is a group of attorney’s that only specialize in estate planning, law, and financial advice, so you know you’re getting expert and personalized advice. This is the best money we’ve ever spent!! Thank you!

Bob L.
Client Review
July 29, 2020
    

We knew we had to update our 10 year old ( 20 page ) trust. After several detailed meetings, Liran and Cesar produced a large ( 300 pages + ) highly detailed trust document that we have used to make sure our family estate is well managed and clearly understood.
They were all very helpful in answering myriad questions and explaining all the various options…

We would strongly recommend the Schomer Law Group to anyone with an estate of even modest means, to assure proper planning…

Bob S.
Client Review
July 29, 2020
    

We had contemplated updating our will and starting a trust for a number of years. After attending a talk by Scott Schomer we realized we were long overdue and the potential downside of not having our affairs in order was significant. Scott and his excellent team made the process simple and seamless. They were great listeners, addressed all our concerns and even pulled and processed all the paperwork from our financial institutions. If you are looking for assistance with estate planning, wills and trusts, we highly recommend Schomer Law Group.

Robert F.
Client Review
July 29, 2020
    

Very competent & informative – friendly atmosphere – ready to answer the most mundane questions – relaxed.

Joan S.
Client Review
July 29, 2020
    

Mr. Schomer was excellent in getting our family trust and estate affairs in order. My husband and I had put off doing this and Scott really made the process easy! He is very passionate in making sure his clients get all that they need and we really appreciated it. I would highly recommend him and look forward to the many years he will be available to assist our family.

Kim

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