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

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Home » Trust

Trust

QTIP and QDOT: What Is the Difference?

March 15, 2023Trust

QTIP QDOT

Many people choose to incorporate at least one trust agreement into their comprehensive estate plan. If you are married, you may benefit from the addition of a QTIP or QDOT trust. To help you decide which one is right for you, the Los Angeles trust attorneys at Schomer Law Group, APC discuss the difference between a QTIP and QDOT trust. What Is a Qualified Terminable Interest Property (QTIP) Trust? Any married couple can make use of a QTIP trust; however, it is most often used to handle … [Read more...] about QTIP and QDOT: What Is the Difference?

What Happens When You Appoint the Wrong Trustee?

March 9, 2023Trust

Los Angeles trust attorneys

Although a Last Will and Testament often serves as the foundation of an estate plan, a trust agreement is frequently added to an estate plan as life changes require that estate plan to grow and expand. A trust can help you accomplish a wide range of estate planning goals and objectives; however, your trust will only be successful if you appoint the right Trustee. With that in mind, the Los Angeles trust attorneys at Schomer Law Group, APC discuss what happens when you appoint the wrong … [Read more...] about What Happens When You Appoint the Wrong Trustee?

What Is a Crummey Notice?

March 2, 2023Trust

Los Angeles trust administration attorneys

For a trust beneficiary, the receipt of a “Crummey notice” can be confusing, leaving the beneficiary unsure of what to do next. Most beneficiaries assume there is an important reason behind the notice that should spur action on their part. Typically, this is not the case. The Los Angeles trust administration attorneys at Schomer Law Group, APC explain what a Crummey notice is and what you should do if you receive one. Trust Administration Basics Trusts are broadly divided into testamentary … [Read more...] about What Is a Crummey Notice?

Top 5 Living Trust Benefits

February 23, 2023Trust

Los Angeles trust attorneys

A comprehensive estate plan will typically incorporate a wide variety of estate planning tools and strategies into the plan to accomplish the plan’s goals and objectives. Among the most popular of those tools is a living trust. Only your estate planning attorney can help you decide if a living trust would be a beneficial addition to your estate plan; however, to give you an idea of how one might fit into your estate plan, the Los Angeles trust attorneys at Schomer Law Group, APC explain the top … [Read more...] about Top 5 Living Trust Benefits

Mistakes to Avoid When Establishing a Trust for Your Children

February 5, 2023Trust

Los Angeles trust attorneys

Parents often create a trust to protect the inheritance they intend to leave their children. Not only can a trust protect assets earmarked for minor children who cannot yet inherit those assets, but a trust can also stagger distributions when the children reach the age at which they can legally inherit. If you are a parent who plans to create a trust, the Los Angeles trust attorneys at Schomer Law Group, APC explain common mistakes you can avoid making. Contact Los Angeles Trust … [Read more...] about Mistakes to Avoid When Establishing a Trust for Your Children

Can I Decant a Trust in California?

December 6, 2022Trust

Los Angeles trust attorneys

Trusts are a common addition to the average estate plan. When you create a trust, you must decide if you want the trust to be revocable or irrevocable. Important estate planning advantages often make an irrevocable trust the better choice; however, what happens if circumstances change, and an irrevocable trust needs to be modified? The Los Angeles trust attorneys at Schomer Law Group, APC explain whether you can decant a trust in California. Trust Basics A revocable trust can be modified … [Read more...] about Can I Decant a Trust in California?

The Benefits of Creating a Secret Trust

November 14, 2022Trust

Los Angeles trust attorneys

While every estate plan should be tailored to the unique needs of the person creating the plan, there are some common components found in the average plan. A trust, for example, is among the most popular of all estate planning tools, but why would you want your trust to be a secret trust?  The Los Angeles trust attorneys at Schomer Law Group, APC explain the benefits of creating a secret trust. Your Last Will and Testament At its most basic, a Last Will and Testament is a legal … [Read more...] about The Benefits of Creating a Secret Trust

Common Types of Trusts Explained

November 14, 2022Trust

Los Angeles trust attorneys

If you are considering the use of a trust in your estate plan, deciding on which type of trust is best for your needs and goals is the first step toward incorporating a trust into your plan. Although it is always best to consult with an experienced trust attorney before you decide what type of trust you need, it may also be beneficial to learn more about the different types of trusts available and the goals they are typically used to accomplish. Toward that end, the Los Angeles trust attorneys … [Read more...] about Common Types of Trusts Explained

Trust Myths Debunked

November 8, 2022Trust

Los Angeles trust attorneys

A comprehensive estate plan will typically include a wide range of estate planning tools and strategies that work together to achieve your estate planning goals. Although a Last Will and Testament often serves as the foundation of an estate plan, another common tool found in the average estate plan is a trust agreement. Unfortunately, there are several myths and misconceptions people share about trusts that often cause them to shy away from considering a trust for their estate plan. To make sure … [Read more...] about Trust Myths Debunked

Understanding Your Rights as a Trust Beneficiary

November 3, 2022Trust

Los Angeles trust administration attorneys

As a trust beneficiary, you must count on the appointed Trustee to administer the trust faithfully and responsibly. This applies to everything from communications regarding trust business to distributions of trust assets to which you are entitled. While most Trustees do fulfill their trust administration duties honestly and without issue, it is possible for a problem to arise that causes a beneficiary to question the Trustee’s intentions or ability to successfully administer the trust. If you … [Read more...] about Understanding Your Rights as a Trust Beneficiary

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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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