Trust and estate litigation can become an issue for several different reasons. Not every dispute will necessarily lead to litigation in court, but there are some issues that are more likely to bring people to court than others. Whether you are facing litigation initiated by someone else or you are considering filing a lawsuit yourself, our Orange County trust and estate litigation attorneys are here to help. Mismanagement of a Trust One of the most important aspects of creating a trust is … [Read more...] about What is Trust and Estate Litigation and Can I Avoid It?
BLOG
Orange County Probate Process From Beginning to End
The Orange County Probate court handles the legal process required after someone passes away in order to distribute their remaining estate to their heirs or beneficiaries. The process typically involves proving the existence of a valid will if there is one, gathering and creating an inventory of the property included in that estate, appraising the property where necessary, paying debts and taxes, and finally distributing the remaining property appropriately. Orange County Probate Court In … [Read more...] about Orange County Probate Process From Beginning to End
Estate Planning Lawyers Advice for Gay Seniors
There was a time when estate planning lawyers strongly encouraged gay and lesbian couples to establish comprehensive estate plans because they were not allowed the same protections as heterosexual couples. But, with the groundbreaking Supreme Court decisions of recent years, the estate planning needs of gay seniors have changed. Nevertheless, estate planning is still important, particularly so for the gay seniors in our community. Overcoming bias against the LGBTQ community Until very … [Read more...] about Estate Planning Lawyers Advice for Gay Seniors
In Which County Will My Estate Be Probated?
When someone dies there is a legal process through which their estate must go in order for their property to be passed on to their heirs. This process is known as probate. It typically involves identifying the person's property and determining its value, paying off remaining debts and taxes owed, and finally distributing the property that is left to the heirs or beneficiaries. But what happens when some of that property is located in another state? That is when the "ancillary" probate … [Read more...] about In Which County Will My Estate Be Probated?
California Residents Mistakenly Enrolled in Medi-Cal During Expansion
According to some reports, there were an estimated 450,000 California residents who were signed up for Medi-Cal under the recent Medicaid expansion who might not have been eligible. It is also reported that this mistake will likely cost the federal government and the state of California more than a billion dollars. An audit covered the six-month period from Oct. 1, 2014, to March 31, 2015. These reports have not been confirmed entirely, as the results are based on extrapolations from a sample of … [Read more...] about California Residents Mistakenly Enrolled in Medi-Cal During Expansion
Income Tax Basis in Estate Planning – Part 2
When choosing the direction to take in estate planning, it’s important to consider the impact of the proposed estate plan on income tax basis. Basis is often overlooked when estate planning strategies are considered. This article examines how common estate planning strategies impact income tax basis. Income Tax Basis in Estate Planning – Part 2 … [Read more...] about Income Tax Basis in Estate Planning – Part 2
How Are You Planning for Long-Term Care (LTC) Expenses?
What’s the right direction for you in planning for future medical expenses? The odds are even that you’ll need long-term care (LTC) after age 65, at least for a while. Here are possible paths for covering those potential costs. How Are You Planning for Long-Term Care (LTC) Expenses? … [Read more...] about How Are You Planning for Long-Term Care (LTC) Expenses?
Treasury Releases New Inflation Adjustment
The new tax law doubled the estate tax exclusion through 2025. This article looks at the exact amount of the new exclusion (it’s not what you thought) and how it might be useful. The article also examines why there’s no reason not to take advantage of the newly-doubled exclusion. Treasury Releases New Inflation Adjustment … [Read more...] about Treasury Releases New Inflation Adjustment
Basis is Important in Estate Planning
When choosing the direction to take in estate planning, it’s important to consider the impact on income tax basis. This article examines the nature of basis and follows an example from acquisition of property to death and looks how basis is adjusted along the way. Since the property is included at death, the basis receives a step-up to the value of the property at death. Upcoming articles will examine how common estate planning strategies impact income tax basis. Basis is Important in Estate … [Read more...] about Basis is Important in Estate Planning
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
