Whether you are heading off on a long-awaited summer getaway or taking off to visit family for the holidays, it is important to take a moment to ensure your legal affairs are in order before you leave. Whether you are traveling alone, as a couple, or with your entire family, addressing a few key estate and emergency planning tasks can provide meaningful peace of mind and help avoid unnecessary complications while you are away. Toward that end, the Los Angeles attorneys at Schomer Law Group, APC … [Read more...] about 5 Estate Planning Steps to Take Before Traveling
BLOG
What You Should Know about Funding a Trust with Life Insurance
Using life insurance to fund a trust is a highly effective estate planning strategy that allows you to provide financial stability for loved ones while maintaining oversight and protecting assets. In California, where property values are high and estate taxes can significantly impact generational wealth, this technique can play an important role in your broader estate plan. When structured appropriately, funding a trust with life insurance offers liquidity for covering taxes and final expenses, … [Read more...] about What You Should Know about Funding a Trust with Life Insurance
National Make-a-Will Month
Although many Estate Plans have a Revocable Trust as the foundation for the plan, Wills play an important role in a comprehensive Estate Plan. Alarmingly, most Americans don’t have a Will even though they know it’s important. As National Make a Will month comes to a close, let’s explore the often overlooked and neglected Estate Planning document, the Will. Continue reading to learn more. … [Read more...] about National Make-a-Will Month
How Specific Devises Impact Inheritance
Parents often decide to leave one child a specific asset and provide an equalizing cash bequest to the other. This article explores how specific bequests may provide unintended results. Continue reading to learn more. … [Read more...] about How Specific Devises Impact Inheritance
3 Estate Planning Mistakes That Can Cost Your Beneficiaries in California
Just thinking about the need for an estate plan may make you feel uncomfortable while the prospect of creating that plan can be overwhelming. After all, estate planning requires you to think about your own mortality and focus on how your property should be divided after you are gone. Nevertheless, creating an estate plan ensures that your loved ones receive the assets you intended them to have and that your estate is administered according to your instructions. To make sure that your wishes are … [Read more...] about 3 Estate Planning Mistakes That Can Cost Your Beneficiaries in California
How to Resolve Disputes Over a Parent’s Medical Care in California
Supporting an aging parent often requires a delicate balance of compassion, communication, and practical planning. As health concerns escalate with age, adult children are frequently called upon to step in and manage their parent's medical needs. Ideally, siblings collaborate in these efforts, offering shared support during a parent’s decline; however, that is not always the case. Disagreements among siblings regarding a parent's care can lead to delays in treatment, emotional strain, and even … [Read more...] about How to Resolve Disputes Over a Parent’s Medical Care in California
Top 5 Countries to Retire Abroad in 2025
Choosing where to live during your retirement is a major decision—one that can shape your daily life, your financial outlook, and your overall happiness. While saving for retirement is critical, selecting the right location can enhance your quality of life and extend your resources further. More retirees from California are looking outside the U.S. for options that offer affordability, pleasant climates, and new cultural experiences. If you are thinking about retiring abroad, doing your research … [Read more...] about Top 5 Countries to Retire Abroad in 2025
Why Long-Term Care Planning Is Essential in California
Thinking about the possibility of needing long-term care in the future can be difficult, yet preparing for it is a vital part of safeguarding your health, your dignity, and your financial legacy. Without a carefully crafted long-term care (LTC) plan, you risk leaving your personal preferences unmet and your savings depleted. With that in mind, the Los Angeles attorneys at Schomer Law Group, APC explain why long-term care planning is essential in California. The Likelihood of Requiring … [Read more...] about Why Long-Term Care Planning Is Essential in California
5 Ways to Distribute Your Personal Belongings in Your California Estate Plan
When preparing an estate plan, many people focus on distributing large assets like bank accounts, retirement funds, and real estate. Yet personal property, objects like family heirlooms, artwork, jewelry, or even holiday ornaments, can present some of the most emotionally charged challenges in estate planning. While these items may hold modest financial value, their sentimental importance can run deep, especially within families that share strong memories tied to specific possessions. Unlike … [Read more...] about 5 Ways to Distribute Your Personal Belongings in Your California Estate Plan
Who Should Safeguard Your Child’s Inheritance in California?
Creating a comprehensive estate plan is an important step for any adult. For parents of young children, that step becomes even more vital. One reason estate planning is so crucial for parents is that minor children are legally unable to manage inherited property. This means someone must be selected to protect and manage the assets you intend to leave to your child. Toward that end, the Los Angeles attorneys at Schomer Law Group, APC talk about who should be responsible for protecting your … [Read more...] about Who Should Safeguard Your Child’s Inheritance in California?
