Trust

While a Last Will and Testament remains the most used estate planning tool, a trust is not far behind in terms of popularity. Trusts are frequently included in a comprehensive estate plan for a wide variety of reasons, including the fact that a trust can help your estate avoid probate. Whether you are thinking about creating a trust, are responsible for administering a trust, or you are the beneficiary of a trust, you may wonder if a trust can be contested. Toward that end, the Los Angeles … [Read more...] about Can a Trust Be Contested?

Over the course of your lifetime, you will likely review and revise your estate plan several times. Each time you revise your plan you may add new estate planning tools and strategies to address your growing family and estate. One of the most common of those tools is a living trust. To help you to decide if a living trust is right for you, the Los Angeles trust attorneys at Schomer Estate & Wealth Advisors discuss the top seven benefits of including a living trust in your estate plan. What Is … [Read more...] about Top 7 Benefits of Including a Living Trust in Your Estate Plan

Appointing the right person to be the Trustee of a trust you establish is every bit as important as properly drafting the trust agreement. Because a Trustee holds a fiduciary position during the administration of the trust, the Trustee has a considerable amount of power and authority. If a Trustee violates his/her fiduciary duty it can cause the trust to fail. As the Los Angeles trust administration attorneys at Schomer Estate & Wealth Advisors explain, self-dealing by a Trustee is one way that … [Read more...] about What Is Self-Dealing by a Trustee?

As both your estate and your family grow, so will your estate plan through the addition of estate planning tools and strategies that can help accomplish additional goals. One of the most common of those additional tools is a trust agreement. If you create a trust, someone must administer that trust. The Los Angeles trust attorneys at Schomer Estate & Wealth Advisors discuss the issue of Trustee compensation for anyone considering the addition of a trust to their estate plan. What Does a … [Read more...] about Does a Trustee Get Paid for Administering a Trust?

La planificación patrimonial implica tomar decisiones importantes que se volverán cada vez más complejas y difíciles a medida que su plan crezca y se expanda. Si bien su plan de sucesión inicial puede ser bastante simplista, es probable que se vuelva más complejo a medida que su patrimonio y su familia crezcan. Una de las decisiones que eventualmente deba tomar es si usar un fideicomiso en vida como el método principal de distribución de sus activos patrimoniales. Los abogados de fideicomisos de … [Read more...] about ¿Por Qué Debería Usar un Fideicomiso en Vida para Distribuir Mi Patrimonio?

Estate planning involves making important decisions that will grow increasingly complex and difficult as your plan grows and expands. While your initial estate plan may be rather simplistic, it will likely grow more complex as your estate and your family grow. One of the decisions you may eventually need to make is whether to use a living trust as the primary method of distributing your estate assets. The Los Angeles trust attorneys at Schomer Estate & Wealth Advisors discuss common reasons why … [Read more...] about Why Should I Use a Living Trust to Distribute My Estate?