Los Angeles – April 30, 2015 — Attorney Scott P. Schomer, Liran R. Aliav and Megan Waugh, acclaimed Los Angeles estate planning and elder law attorneys, werejoined by over 100 estate planning law firms from around the country at one of the nation’s premier legal educational conferences held in Louisville, KY from April 22-27. The American Academy of Estate Planning Attorneys hosted its 22nd annual Spring Summit, with the theme of “Run Your Own Race, Create a Practice You Love.” The … [Read more...] about ATTORNEY SCOTT P. SCHOMER ATTENDS AMERICAN ACADEMY OF ESTATE PLANNING ATTORNEYS’ 2015 SPRING SUMMIT
General
Video Blog – Advantages and Disadvantages of Probate Administration
Scott Schomer of the Schomer Estate & Wealth Advisors discusses the advantages and disadvantages of Probate Administration. For more information, please call (310) 337-7696 or send us a message. The biggest disadvantages of probate administration are that it is public and it is very expensive and time consuming. As a general rule, it costs between four to eight percent of the gross value of your estate to process an estate through the probate administration process. That includes such things … [Read more...] about Video Blog – Advantages and Disadvantages of Probate Administration
Video Blog: Services Offered by the Schomer Estate & Wealth Advisors – Living Trusts, Wills, Probate, Litigation
SERVICES OFFERED BY Schomer Estate & Wealth Advisors. For more information, please call (310) 337-7696 or visit www.schomerlawgroup.com. At the Schomer Estate & Wealth Advisors, we are dedicated and have a passion for preserving and protecting your legacy. Helping clients protect their legacy is our strong preference, to help them create a state-of-the-art estate plan that will capture their values and wishes and allow them to pass along their estate with minimal court or governmental … [Read more...] about Video Blog: Services Offered by the Schomer Estate & Wealth Advisors – Living Trusts, Wills, Probate, Litigation
Video Blog: Can I Serve as Trustee of my Living Trust
Scott Schomer of the Schomer Estate & Wealth Advisors answers the question "Can I serve as my own Trustee of my Living Trust". For more information, please call (310) 337-7696 or visit www.schomerlawgroup.com. One of the questions I frequently get asked is, “who will be the trustee of my trust?” Well the good news is, for most people, you will be the trustee of your own trust. You will be in charge of your assets, and you will maintain complete and absolute control of the assets while you’re … [Read more...] about Video Blog: Can I Serve as Trustee of my Living Trust
Video Blog – Why Estate Planning is Important – Living Trusts and Wills
Scott Schomer of the Schomer Estate & Wealth Advisors discusses why Estate Planning is important to families. A Living Trust and Will is one of the most important documents you will ever sign in your lifetime. For more information, please call (310) 337-7696 or visit www.schomerlawgroup.com. The Schomer Estate & Wealth Advisors is based in Los Angeles, CA. One of the questions I get asked occasionally is, “Why do I have to do this, Scott? Why is it necessary to plan my estate?” Well, there’s … [Read more...] about Video Blog – Why Estate Planning is Important – Living Trusts and Wills
Video Blog: What is the Difference Between a Will and a Living Trust
What is the Difference Between a Will and a Living Trust? Scott Schomer of the Schomer Estate & Wealth Advisors explains the difference between a Will and a Trust. For more information, please call (310) 337-7696 or visit www.schomerlawgroup.com. One of the questions I’m asked most frequently is, “what is the difference between a will and a trust?” There are very significant differences, starting with a will; a will is a document that only has an effect at your demise or your passing. It is a … [Read more...] about Video Blog: What is the Difference Between a Will and a Living Trust
Types of Special Needs Trusts in Los Angeles
Trusts are important estate planning tools that allow you to put money aside for any beneficiary you choose, while specifying how the property can be used. One common example is setting aside money in a trust for your children which they can only receive once they reach a certain age. You can also include requirements or limitations on how that money can be used by your children. A “trustee” is chosen to hold the property and be responsible for fulfilling the terms of the trust. What is a … [Read more...] about Types of Special Needs Trusts in Los Angeles
When Do I Need a Special Needs Trust?
If your loved one is disabled or has special needs, a Special Needs Trust may be a valuable estate planning tool to consider. The purpose of a Special Needs Trust is to provide the resources to enhance the quality of their lives, after the death or incapacity of their caregiver. A General Support Special Needs Trust is usually considered the primary source of benefits for a disabled individual. Regrettably, assets included in this type of trust can potentially be used to disqualify the … [Read more...] about When Do I Need a Special Needs Trust?
What Is Estate Planning?
Estate planning involves preparing yourself and your family for the possibility of incapacity and the inevitability of death. Different estate planning tools can be used to create a plan depending on which type of plan you need. You can certainly prepare for both by creating a comprehensive plan. Planning for the future is very important. For one thing, planning ahead will allow you to ensure that your property is inherited by the people you choose, while reducing the amount of estate taxes … [Read more...] about What Is Estate Planning?
What Happens to My Estate If I Die Single?
A very common question in estate planning is “what happens to my property when I die?” The answer to this question always depends on first, whether you have a will, and if not, which relatives are alive when you pass away. The analysis is the same regardless of whether or not you are married when you die. Each state, including California, has its own laws governing what happens to an estate when there is no will. These laws are known as “intestate succession.” If you have a will, these laws … [Read more...] about What Happens to My Estate If I Die Single?
