Many souls believe that if they lack means, they do not need an Estate Plan. Nothing could be further from the truth. If you die without an Estate Plan, it’s like opting for a trick on Halloween and the results of both can be downright scary. Read on to learn more. … [Read more...] about The Horrors of Dying Intestate
When you create a Last Will and Testament, you do so with the knowledge that the terms of that Will are legally enforceable. In fact, that is one of the primary benefits of using a Will to distribute your estate. Of course, one of the hallmarks of the American judicial system is the idea that anyone can access the judicial system to resolve disputes or clarify legal issues. That means that someone could challenge the validity of the Will you create after you are gone. If that happens, the … [Read more...] about How Can a No Contest Clause Help Prevent a California Will Contest?
If you or your spouse are currently part of the U.S. Armed Forces, or are a retired member of the military, you likely have an ingrained understanding of the importance of planning for the unexpected. Along with the gratitude of the American people, members of the military are entitled to a variety of benefits and incentives for serving their country. Many of those benefits can be transferred or passed down to loved ones if something happens to you; however, to ensure that your loved ones … [Read more...] about How Is Estate Planning Different for Members of the U.S. Military?
Whether it is your parent or another older loved one, you may find yourself in considering nursing home care for someone close to you. Deciding that nursing home care is needed is a difficult decision by itself; however, once that decision has been made, you have another difficult decision to make – choosing a nursing home. Given that you will be entrusting the care of your loved one to the facility you choose, care should be taken when making your choice. To help you, the Los Angeles attorneys … [Read more...] about 10 Tips for Choosing the Right Long-Term Care Facility
In the annals of estate planning, a concerning trend has been observed. Legacy preservation, a term that speaks volumes about safeguarding the future, is often jeopardized by outdated wills and trusts. However, by timely intervention, many of the lurking dangers can be mitigated. The Lingering Shadows of Old Beneficiary Wishes For many individuals, their last will or trust was drafted years, if not decades, ago. Over time, life's intricate twists and turns have been navigated, but these … [Read more...] about Unearthed Secrets: How Outdated Wills & Trusts Can Haunt Your Legacy
During the creation of your estate plan, you will need to make many decisions. While it is true that some of the most important of these decisions are related to what happens to your estate assets after you pass away, there are other equally important decisions that are not directly related to the distribution of your assets. Deciding who to appoint as your Executor is one of those decisions. People frequently appoint an Executor without giving the choice much thought and without realizing that … [Read more...] about Understanding the Job of Executor of the Estate
When you were young, your parents were the caregivers and you needed them to care for you. As your parents age, however, a role reversal often happens. At some point, you may end up being the caregiver as the physical and mental deterioration that comes with aging leaves your parents in need of care. To prepare you, the Los Angeles attorneys at Schomer Law Group, APC discuss common mistakes adult children make when managing their parents’ affairs. How Many Americans Take Care of Elderly … [Read more...] about Mistakes Adult Children Make When Managing Their Parents’ Affairs
People often include a trust agreement in their overall estate plan because a trust can accomplish a wide range of goals, including asset protection, incapacity planning, and protecting the inheritance of a minor child. If you establish a trust, you will be required to appoint a Trustee to oversee the administration of the trust. What about a trust protector though? The Los Angeles attorneys at Schomer Law Group, APC explain the role of a trust protector and help you decide if you need one for … [Read more...] about Does My California Trust Need a Trust Protector?
In the legal world, moments of insight and professional growth are often found in the unexpected. Join us as we explore the recent participation of Scott Schomer in the 30th Annual Fall Summit, hosted by the American Academy of Estate Planning Attorneys. In this blog post, the focus is on the event's highlights and the invaluable knowledge that was shared. A Glimpse into the Event At the heart of the legal community, a premier event emerged as a hub of innovation and collaboration. The … [Read more...] about Unlocking the Legal Summit Experience: A Journey with Scott Schomer
The Academy’s Fall Summit brought learning and camaraderie. The Academy introduced the Enterprise Model Law Firm and rolled out a new Trust Administration module. There were many great substantive legal education topics and practice management topics. As always, it was great to reconnect with friends and establish new relationships. Click here to learn more. … [Read more...] about Learning, Re-inventing, and Camaraderie in San Diego