The sale of real estate in a probate administration proceeding presents a number of traps for some. Failure to comply with all requirements can result in a failure of the sale and the requirement that the process start over. Join us as we discuss common requirements and suggested procedures when selling real property during the Probate process. … [Read more...] about Webinar Recording: The Ins and Outs of Selling Real Property During a Probate
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Incapacity Planning Can Prevent Conflicts
It takes a comprehensive approach to construct an estate plan that covers all of your bases. Yes, you have to take the right steps to get financial assets into the hands of your loved ones in the appropriate manner. This being stated, you should also consider the events that may enter the picture before you pass away. Aging Takes Its Toll There is no way you can truly wrap your head around the way that it will feel to go through life as an octogenarian. This can seem like a feat of longevity … [Read more...] about Incapacity Planning Can Prevent Conflicts
What Does it Mean to Have a Living Trust?
A living trust is a common estate planning tool when it comes to probate avoidance. Many clients are seeking ways to avoid the lengthy and expensive court proceeding. In the absence of a trust or some other estate planning tool, estates are required to go through probate. However, before you choose a living trust for your estate plan, you should be familiar with the advantages and disadvantages of this popular estate planning tool. What is a Living Trust? A “living trust” is a specific type … [Read more...] about What Does it Mean to Have a Living Trust?
What is the Maximum VA Aid and Attendance Benefits Amount?
Aid and Attendance is a benefit that veterans and their spouses can receive from the Veterans Affairs and can be awarded in addition to the basic pension that veterans receive. However, you must first be eligible for that basic pension. VA aid and attendance benefits are available for qualified individuals who need financial assistance to pay for in-home care, assisted living facility costs, or nursing home expenses. This article will provide you with some basic information about VA aid and … [Read more...] about What is the Maximum VA Aid and Attendance Benefits Amount?
Can You Help Me With Medi-Cal Asset Protection?
Eligibility for Medi-Cal benefits requires that you have a limited amount of countable assets. Even so, exempt assets may be subject to recovery by Medi-Cal after the death of the recipient. For these reasons, many clients are concerned about Medi-Cal asset protection and particularly whether they will be able to keep or sell their homes after a spouse receiving Medi-Cal benefits passes away. If you are faced with this situation, the Schomer Estate & Wealth Advisors is here to … [Read more...] about Can You Help Me With Medi-Cal Asset Protection?
Scott P. Schomer Certified As Specialist In Estate Planning, Trust And Probate Law
Schomer Estate & Wealth Advisors is proud to announce that one of its attorneys, Scott P. Schomer, has been certified as a specialist in Estate Planning, Trust & Probate Law by the California Board of Legal Specialization of the State Bar of California and the Estate Planning, Trust & Probate Law Advisory Commission. A graduate of Boston University School of Law, Scott P. Schomer is a frequent lecturer on estate planning and elder law issues, having discussed these important … [Read more...] about Scott P. Schomer Certified As Specialist In Estate Planning, Trust And Probate Law
Your Father Always Wanted me to have that Money
Their father died suddenly, leaving behind two sons. He rented an apartment in San Diego while his Sons lived in Los Angeles and San Francisco, requiring his Sons to make multiple trips down the coast to manage his estate. The father’s affairs were one challenge after another. Among other problems, the landlord refused access to the apartment; the neighbor had “helped himself” to important documents and valuables; his car had been impounded; and the apartment appeared as if it had been hit by … [Read more...] about Your Father Always Wanted me to have that Money
Laura L. Bromlow, Esq. Attends 2018 Veterans Benefits Conference in Denver, CO
Los Alamitos, CA— March 28, 2018 — Laura L. Bromlow, Esq, Associate Attorney at Schomer Estate & Wealth Advisors, attended an exclusive legal education conference in Denver, CO from March 21, 2018 through March 23, 2018. The Veterans Advocates Group of America hosted their annual Veterans Benefits Conference called “VA in The Rockies” which included over hundreds of VA Pension Benefits Planning firms from around the country. It is the desire of the Veterans Advocates Group of America to … [Read more...] about Laura L. Bromlow, Esq. Attends 2018 Veterans Benefits Conference in Denver, CO
Southern California Elder Abuse Issues
It is unfortunate, but nursing home abuse and neglect is a far too common reality. When the time comes to consider whether to place a loved one in a nursing home, finding one that is safe becomes a primary concern. Many clients ask are county nursing homes safe. The fact is, every nursing home is different and there are certain protections if elder abuse is suspected. Here is what you should know. Nursing home abuse and neglect Regrettably, nursing home abuse and neglect are realities. When … [Read more...] about Southern California Elder Abuse Issues
Los Angeles Estate Planning Lawyers Explain Capital Gains
Real estate, stocks and bonds, are a few examples of investments typically made with the hope of earning a profit at some point in the future when the asset is sold. However, be sure that when you decide to sell those valuable assets, and you make that anticipated profit, the federal government will be waiting to take its share. This is known as the "capital gains tax." Let our Los Angeles estate planning lawyers explain how this works. Understanding capital gains tax is important for your … [Read more...] about Los Angeles Estate Planning Lawyers Explain Capital Gains
