General

If you recently lost a loved one and are responsible for planning the funeral, you are likely going through an emotional and overwhelming experience. Funeral planning is a topic that many people prefer to avoid, which leads to a variety of misconceptions. These myths can complicate the process and result in unnecessary stress and expenses. To help you get through this difficult period, the Los Angeles attorneys at Schomer Estate & Wealth Advisors debunk the top five funeral planning … [Read more...] about Top 5 Funeral Planning Myths Debunked

Understandably, most seniors would prefer to age in place because it offers the comfort of remaining in a familiar environment, but it also requires careful consideration of several factors to ensure it is the right choice for you. To help you make the right choice for you and your future, the Los Angeles attorneys at Schomer Estate & Wealth Advisors offer some key factors to consider when deciding if aging in place is right for you. Assessing Your Home’s Safety and Accessibility One of … [Read more...] about Is Aging in Place in California the Right Choice for Me?

When you create a trust, you must appoint a Trustee to manage and administer that trust. The Trustee has a legal duty to manage the trust’s assets and carry out the Grantor’s instructions as written in the trust terms for the benefit of the beneficiaries. Ultimately, the success or failure of your trust often depends on the person you appoint as Trustee. While many people choose a friend or family member to serve as Trustee, appointing a professional Trustee is often a better choice. To help … [Read more...] about Why Appointing a Professional Trustee is Often the Best Choice

Effective estate planning serves not only to outline the distribution of your estate assets after you are gone but also to account for pertinent details about your intended beneficiaries and the inheritances you intend for them. To ensure that an inheritance is safeguarded from potential loss or misuse once it is transferred, the inheritance should remain separate. With this objective in mind, the Los Angeles attorneys at Schomer Estate & Wealth Advisors offer guidance on how to keep an … [Read more...] about How to Keep Your Inheritance Separate and Secure

Inheriting a substantial sum of money or valuable assets marks a pivotal moment in your life and is often accompanied by a myriad of emotions and profound responsibilities. As you embark on this financial endeavor, it is imperative to adopt a comprehensive approach to protect and manage your newfound wealth effectively. To help you get started safeguarding your inheritance, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss key strategies aimed at guiding recent beneficiaries … [Read more...] about Safeguarding Your Inheritance: Essential Strategies for Recent Beneficiaries

When a loved one passes away, it is not uncommon for surviving heirs to battle over who will inherit the estate left behind. Sometimes, court battles over a decedent’s estate can take years to resolve, often depleting the estate of the very assets the heirs are fighting over. While disputes over who will inherit a decedent’s estate are relatively commonplace, the opposite problem can also occur during the probate of an estate. Sometimes, an heir or beneficiary does not want an inheritance. With … [Read more...] about What If I Do Not Want to Accept an Inheritance?

When a loved one passes away, one of the most challenging tasks for survivors is the planning of the funeral and related services. This process can be emotionally and financially draining. Regrettably, some individuals in the funeral industry take advantage of the grief-stricken and engage in practices like overselling or inflating prices for funeral services and burial items. What many people may not be aware of is that they possess specific rights when arranging a funeral. To ensure that you … [Read more...] about What Every Grieving Loved One Should Know about “The Funeral Rule”

Whether it is your parent or another older loved one, you may find yourself in considering nursing home care for someone close to you. Deciding that nursing home care is needed is a difficult decision by itself; however, once that decision has been made, you have another difficult decision to make – choosing a nursing home. Given that you will be entrusting the care of your loved one to the facility you choose, care should be taken when making your choice. To help you, the Los Angeles attorneys … [Read more...] about 10 Tips for Choosing the Right Long-Term Care Facility

When you were young, your parents were the caregivers and you needed them to care for you. As your parents age, however, a role reversal often happens. At some point, you may end up being the caregiver as the physical and mental deterioration that comes with aging leaves your parents in need of care. To prepare you, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss common mistakes adult children make when managing their parents’ affairs. How Many Americans Take Care of … [Read more...] about Mistakes Adult Children Make When Managing Their Parents’ Affairs

Although Alzheimer’s disease is not a new disease, its prevalence appears to have increased in recent decades. While that may simply be because we now recognize the symptoms of the disease earlier, the fact remains that one in nine people aged 65 or older are suffering from Alzheimer’s disease, according to the Alzheimer’s Association. If you were recently diagnosed with Alzheimer’s disease, you are undoubtedly still wrestling with the motional impact of that diagnosis. At some point, however, … [Read more...] about What You Need to Know If You Were Recently Diagnosed with Alzheimer’s Disease