If you are a person who cannot say no when asked to help someone else or contribute to a worthy cause, you are not alone. Fortunately, for society, some of us are compelled to give to charity and to help others. While true giving should not focus on getting someone in return, you do not need to ignore potential benefits or adverse consequences when you plan your charitable gifting. To help you plan wisely, the Los Angeles attorneys at Schomer Estate & Wealth Advisors explain five ways to … [Read more...] about 5 Ways to Incorporate Charitable Gifts into Your Estate Plan
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Should My Family Be Involved in My Estate Planning Process
Undoubtedly, creating a well-thought-out estate plan is a significant gift for your family. The decision to include your family in this process is highly personal, influenced by factors such as family dynamics, estate value, and your preference for privacy or openness. To guide you in this journey, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss whether you should include your family in your estate planning process. Understanding Your Estate Plan It is crucial to … [Read more...] about Should My Family Be Involved in My Estate Planning Process
What Are My Rights as a Nursing Home Resident in California?
Whether you are already a senior or you are just planning for your retirement years, the very real possibility that you will need nursing home care should be forefront in your mind given that you have about a 70 percent chance of needing some type of long-term care as a senior. Concerns about the possibility that you will be mistreated or neglected coupled with the fear that you will lose your independence likely make you dread the prospect of living in a nursing home. If nursing home care … [Read more...] about What Are My Rights as a Nursing Home Resident in California?
Irrevocable Life Insurance Trusts: Advantages and Disadvantages
To ensure that you accomplish all your estate planning goals you will likely need to make use of numerous and varied estate planning tools and strategies. A trust agreement is one estate planning tool that is commonly found in an estate plan. In fact, trusts have evolved to the point where there are a variety of highly specialized trusts that serve very specific purposes. One such trust is an irrevocable life insurance trust, or ILIT. The Los Angeles attorneys at Schomer Estate & Wealth Advisors … [Read more...] about Irrevocable Life Insurance Trusts: Advantages and Disadvantages
The View from Heckerling 2024
Each year the University of Miami sponsors the Heckerling Institute on Estate Planning. The 58th Institute took place in Orlando, Florida in January 2024. The Institute is widely regarded as the premier estate planning program in the country as thousands of attorneys, trust officers, financial planners, and related parties descend upon the Orlando World Center Marriott Resort and Convention Center for a week-long educational and networking conference. As the Associate Director of Education … [Read more...] about The View from Heckerling 2024
There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan
Matthew Perry died at the end of 2023. While it seems unlikely that Matthew’s estate will end up embroiled in a court battle as we see with other celebrity estates, that doesn’t mean that we can’t learn anything from his death and Estate Plan. Read on to learn more. … [Read more...] about There’s No Better Way to Say “I’ll Be There for You” than with an Estate Plan
Planning for Ongoing Income in Your Estate
When it comes to estate planning, many focus solely on how their current assets will be distributed after they're gone. But for some, there's another factor to consider -- residual income. This refers to earnings generated from past work that continue even after death. To ensure your estate plan covers all the relevant bases, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss estate planning strategies tailored for those anticipating ongoing, or residual, … [Read more...] about Planning for Ongoing Income in Your Estate
Tax Planning for 2024
Planning is important for your income taxation during life as well as for any estate tax at death. Even though 2024 is just starting, it’s not too early to think about planning for whatever it may bring your way. Read on to learn more. … [Read more...] about Tax Planning for 2024
Estate Planning Lessons from the Movies – Part II
It’s rare that a movie centers on an archaic estate planning issue, but that’s exactly what Martin Scorsese’s latest film does. While the movie received critical acclaim, it contained a surprising plot centered on real-life Estate Planning issues and the lengths to which certain individuals went to steal from the Osage Indian Tribe. This second in the series explores the real-life application of Estate Planning in the movies. Read on to learn more. … [Read more...] about Estate Planning Lessons from the Movies – Part II
Estate Planning with Entities
More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur. Read on to learn more. … [Read more...] about Estate Planning with Entities










