A common misconception that many Orange County residents have is that when someone with a living trust passes away, nothing needs to be done. Although it is true that living trusts can go a long way toward avoiding probate, that does not mean nothing needs to be done when the person who created the living trust dies. Our Orange County trust attorneys can help you take the first steps when this happens. What is a living trust? A “living trust” is a specific type of trust that will become … [Read more...] about What is Required When a Loved One with a Living Trust Dies?
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Anniversary of Shark Attack Reiterates Need for Orange County Estate Planning
A year ago, triathlete Maria Korcsmaros of Corona was attacked by a 9-foot great white shark, only 150 yards off the coast of Corona del Mar State Beach. On this one-year anniversary, Korcsmaros returned to the beach, along with one of the lifeguards who was responsible for saving her life on that fateful day. Though her scars are fading, the fact remains that she barely escaped death. This horrible twist of fate should remind us all that Orange County estate planning must never be … [Read more...] about Anniversary of Shark Attack Reiterates Need for Orange County Estate Planning
What Should I Ask my Orange County Elder Law Lawyers?
In the legal arena, elder law is a specialty that focuses on those legal issues that commonly affect seniors. Our Orange County elder law lawyers are experienced with the complicated financial and social problems their clients commonly face. An elder law attorney will bring to his or her clients the expertise necessary to provide the best advice about these issues. What makes our Orange County elder law lawyers good at what they do? A good elder law attorney is typically connected to a system … [Read more...] about What Should I Ask my Orange County Elder Law Lawyers?
Orange County Estate Planning Lawyers Can Help Keep your Plan Private
When it comes to estate planning, privacy is a common concern for most people. Luckily, there are several options that can be used when creating your estate plan that will provide the customized planning you need to keep the nature of your assets and the identity of your beneficiaries private. Instead of using a simple will, which becomes public during probate, it would be better to create a comprehensive estate plan that allows you to maintain the privacy you and your family want with regard … [Read more...] about Orange County Estate Planning Lawyers Can Help Keep your Plan Private
Is the Cost of Probate a Reason to Try to Avoid it?
It is true that, for many people, the primary goal of creating an estate plan is to avoid probate if at all possible. In most cases, people assume that probate will be too expensive and take too long, so the best option is to avoid it. Here, our Orange County probate attorneys will discuss whether the cost of probate is really a reason to avoid it. How much does probate really cost? Although there are a number of ways to create an estate plan that will help you avoid the probate process, the … [Read more...] about Is the Cost of Probate a Reason to Try to Avoid it?
Orange County Trust Lawyers Discuss Trust Issues
When loved ones have disagreements about how a trust should be established and managed, including how the trust property should ultimately be distributed, the resulting dispute can be emotionally stressful, as well as expensive. Nevertheless, trust beneficiaries and trustees often have disputes that can lead to trust contests and litigation in court. Here is what our Orange County trust lawyers have to say about some of the common trust issues and how to deal with them. Can someone “contest” a … [Read more...] about Orange County Trust Lawyers Discuss Trust Issues
Orange County Estate Planning Attorneys Provide 12 Easy Steps
The purpose of estate planning, generally speaking, is to prepare you and your family the chance to plan ahead for both incapacity and death. There are various useful estate planning tools that can be used for this purpose depending on your specific goals. To make the process a little simpler, our Orange County estate planning attorneys provide the following easy steps to get you started. Step 1. Create your will The last will and testament is a very important part of every estate plan, and … [Read more...] about Orange County Estate Planning Attorneys Provide 12 Easy Steps
Schomer Estate & Wealth Advisors ATTENDS EXCLUSIVE CONFERENCE – RECEIVES IMPORTANT ELDER & ESTATE PLANNING EDUCATION IN INDIANAPOLIS, IN
Schomer Estate & Wealth Advisors partook in one of the nation’s premier legal education conferences in Indianapolis, IN from May 3 through May 7. The American Academy of Estate Planning Attorneys hosted their 23rd annual Spring Summit on “Integrity – The Foundation of Success, Without Integrity Nothing Works,” which included over 100 estate planning law firms from around the country. The American Academy is devoted to helping its Member attorneys transform the way they practice law. The … [Read more...] about Schomer Estate & Wealth Advisors ATTENDS EXCLUSIVE CONFERENCE – RECEIVES IMPORTANT ELDER & ESTATE PLANNING EDUCATION IN INDIANAPOLIS, IN
Los Angeles Trust Lawyers Explain Timeshares and Living Trusts
With all of the great benefits that owning a timeshare can provide, most timeshare owners are looking for a way to pass on that valuable property to their heirs after death. Yet, timeshare ownership is not as straightforward as owning your home, for example. Nor is it the same as owning a summer home. Therefore, if you are considering establishing a living trust as part of your estate plan, you should know that funding a timeshare into a living trust takes the expertise of Los Angeles trust … [Read more...] about Los Angeles Trust Lawyers Explain Timeshares and Living Trusts
What Happens if I am Single and I Die Without a Will?
While it is true that a will is one of the most common estate planning tools, not everyone has one. As all Los Angeles estate planning lawyers can tell you, with a will you will be able to establish exactly how they want their estate to be distributed upon their death. Without a will, though, you will have no control over the distribution of their property. Instead, your estate will be divided up according to the laws of intestate succession in their state. Here, your Los Angeles estate … [Read more...] about What Happens if I am Single and I Die Without a Will?
