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. Read on to learn more. … [Read more...] about Learning, Re-inventing, and Camaraderie in San Diego
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Is Appointing More Than One Trustee a Good Idea?
Appointing a Trustee is a significant decision when setting up a trust as part of your estate plan. You may find yourself torn between two or more prospects for the role of Trustee. One option to consider is appointing more than one Trustee (Co-Trustees). To help you decide if appointing more than one Trustee is a good idea, the Los Angeles attorneys at Schomer Estate & Wealth Advisors discuss the advantages and disadvantages of this approach. Understanding Trusts A trust is a legal … [Read more...] about Is Appointing More Than One Trustee a Good Idea?
What Every Grieving Loved One Should Know about “The Funeral Rule”
When a loved one passes away, one of the most challenging tasks for survivors is the planning of the funeral and related services. This process can be emotionally and financially draining. Regrettably, some individuals in the funeral industry take advantage of the grief-stricken and engage in practices like overselling or inflating prices for funeral services and burial items. What many people may not be aware of is that they possess specific rights when arranging a funeral. To ensure that you … [Read more...] about What Every Grieving Loved One Should Know about “The Funeral Rule”
Exploring Elder Abuse
As seniors live longer and technology makes it easier for everyone to stay connected, elder abuse continues to rise. Estate planning attorneys may find themselves on the front-line of these matters. Because elder abuse takes on many forms, it’s important for practitioners and consumers alike to have the skills necessary to recognize the signs of elder abuse. Read on to learn more. … [Read more...] about Exploring Elder Abuse
Understanding the Interplay of State Estate and Inheritance Taxes with Federal Estate Tax
When individuals consider estate planning, they often look to federal law to determine the potential tax ramifications for their estate and beneficiaries. Some may neglect to consider the impact of state estate taxes which vary widely from state to state. Read on to learn more. … [Read more...] about Understanding the Interplay of State Estate and Inheritance Taxes with Federal Estate Tax
Let’s Talk Litigation
Anyone creating an Estate Plan wants to ensure that the plan will work as intended and will withstand legal challenges. Sometimes though, a legal challenge is necessary to ensure that the Estate Plan reflects the true intent of the decedent is carried out and that the fiduciaries act in accordance with their duties. This article examines the most common ways that litigation arises in the Trusts and Estates arena. Read on to learn more. … [Read more...] about Let’s Talk Litigation
The Horrors of Dying Intestate
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
How Can a No Contest Clause Help Prevent a California Will Contest?
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?
How Is Estate Planning Different for Members of the U.S. Military?
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?
10 Tips for Choosing the Right Long-Term Care Facility
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
