Whether you are a senior yourself or have a loved one who is, being aware of the numerous ways in which seniors can be victimized is crucial to keeping them safe. According to the U.S. Department of Justice, financial fraud and exploitation is the number one form of elder abuse impacting seniors in the U.S. Moreover, as many as 44 instances of unreported financial exploitation occur for every one instance that is reported. Identity theft is one way in which seniors fall victim to elder financial … [Read more...] about How Seniors Can Prevent Becoming the Victim of Identity Theft
Retirement planning involves more than just ensuring that you have sufficient financial resources available to live comfortably throughout your “Golden Years.” Of equal importance is where to live when you retire. Not only will your choice have a direct impact on your finances, but it can also affect your quality of life. If you are nearing retirement age, now is the time to start thinking about where to retire. With that in mind, the Los Angeles attorneys at Schomer Law Group, APC offer some … [Read more...] about Tips for Choosing Your Retirement Destination
When you think of estate planning you are likely to think about executing a Last Will and Testament to ensure that your estate assets are distributed according to your wishes after you are gone. While planning for the distribution of your estate assets is certainly one important aspect of a comprehensive estate plan, it should not be the sole focus of an estate plan. On the contrary, a well-thought-out estate plan should include a variety of additional inter-related components, including an … [Read more...] about How Can I Use a Trust to Plan for the Possibility of Incapacity?
One of the central objectives within a typical estate plan is to guarantee the seamless transfer of estate assets to designated beneficiaries either during your lifetime or upon your demise. A well-crafted estate plan employs various tools and strategies to accomplish these property and asset transfers. Given the uniqueness of each estate, it is crucial to collaborate closely with an experienced estate planning attorney to determine the most suitable method for transferring your estate assets. … [Read more...] about 6 Methods for Transferring Property in Your California Estate Plan
Sadly, there are scam artists who intentionally target seniors and the holidays are a particularly busy time for these predators. Whether you are a senior yourself or care about an elderly person, it pays to learn how some of these common scams operate in the hope that you will be able to recognize when you are the target of a scam before you lose money or assets. With that goal in mind, the Los Angeles attorneys at Schomer Law Group, APC explain what you need to know about scams that target … [Read more...] about What You Need to Know about Scams Targeting Seniors
The loss of a spouse is never easy to accept, even if their passing was anticipated. When the loss is sudden and unexpected, it can be even more difficult for a surviving spouse to move forward. If you recently lost your spouse, navigating the practical and legal ramifications of your spouse’s death may be particularly challenging as you are still working through your grief. Nevertheless, it is crucial that you take steps to protect the estate of your spouse as well as your own future financial … [Read more...] about Important Estate Planning Steps for a Surviving Spouse
As you age, an unsettling phenomenon may unfold: the dynamic of the parent-child relationship undergoes a role reversal. As your parents enter their "Golden Years," you might discover yourself stepping into the role of caretaker and supporting your parents as they face increased vulnerability and a reduced capacity to navigate life independently. If so, the Los Angeles attorneys at Schomer Law Group, APC offer tips to help you manage the affairs of your aging parents. The “Sandwich … [Read more...] about Tips to Help You Manage the Affairs of Your Aging Parents
Estate planning can help accomplish several important goals, among them the distribution of your assets after you pass away, protecting assets while you are alive, and ensuring that loved ones are financially secure in the event of your death of incapacity. To accomplish these goals, a well thought out estate plan typically makes use of a variety of tools. For some people, a postnuptial agreement is one of those tools. To help you understand how one might fit into your estate plan, the Los … [Read more...] about How Does a Postnuptial Agreement Fit into My Estate Plan?
Although most people start with a Last Will and Testament when they create their initial estate plan, it is not uncommon to add to that Will as a family and/or estate grows. In fact, many people eventually choose to use a trust agreement as the primary method for distributing their estate after they pass away because of the numerous advantages a trust offers. If you choose to use a trust to distribute your estate, the Los Angeles attorneys at Schomer Law Group, APC explain why you should also … [Read more...] about What Is a Pour-Over Will and Do I Need One?
If your child is on the verge of entering college next year or is already enrolled, you have likely experienced significant changes as they transition into adulthood. Amidst all these changes, one aspect that might not have crossed your mind is the importance of your now-adult child establishing a fundamental estate plan. To help you get started, the Los Angeles attorneys at Schomer Law Group, APC explain why your college age student needs an estate plan. When Your Child Becomes a Legal … [Read more...] about Does My College Age Student Need an Estate Plan?