Collectively, Americans own over 150 million dogs and cats, and that number does not take into account the millions of other pets people own in the United States. For most pet owners, the family pet(s) is just that – part of the family. If you have a pet that you consider part of the family, have you considered what would happen to your pet if something happened to you? The Los Angeles pet planning attorneys at Schomer Estate & Wealth Advisors explain how a California pet trust can help you … [Read more...] about Secure Your Pet’s Future: Creating a California Pet Trust
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Understanding the Benefits of Incapacity Planning
To get the most out of your estate plan you should ensure that it covers the possibility of your incapacity as well as the certainty of your eventual death. Although many people think of incapacity as an age-related concern, the reality is that you could become incapacitated at any age. To protect yourself, your assets, and your loved ones, you need to be prepared for that possibility. To help encourage you, the Los Angeles incapacity planning attorneys at Schomer Estate & Wealth Advisors … [Read more...] about Understanding the Benefits of Incapacity Planning
Understanding Alzheimer’s: Tips for Effective Caregiving
Almost 7 million people are currently living with Alzheimer’s in the United States and that figure is only expected to increase in the coming years. Because Alzheimer’s is a progressive disease, those who have been diagnosed with the disease will eventually need various levels of care. If a loved one was recently diagnosed with Alzheimer’s and you plan on being a caregiver, you need to know what to expect. Toward that end, the Los Angeles elder law attorneys at Schomer Estate & Wealth … [Read more...] about Understanding Alzheimer’s: Tips for Effective Caregiving
Gen X – This One’s for You (Really Every Generation Should Read This)
As the Baby Boomer Generation retires and eventually dies, the greatest transfer of wealth will occur and according to many sources, it will dwarf any prior wealth transfer. This transfer gives those anticipated to inherit the wealth a great opportunity to open the lines of communication with their families to plan for the shift that has already started. Read on to learn more. … [Read more...] about Gen X – This One’s for You (Really Every Generation Should Read This)
R-E-S-P-E-C-T Find Out What It Means To…Your Estate Plan
Individuals often have reservations about seeking out an attorney’s help with their Estate Plan. Sometimes they worry about the cost, other times they think that they can do it on their own, and sometimes they die before the thought of creating an Estate Plan ever crosses their mind. Unfortunately, the issues that arise from a lack of proper Estate Planning on death don’t care who we are. As this blog demonstrates, even celebrities struggle with creating a comprehensive Estate Plan. Read on to … [Read more...] about R-E-S-P-E-C-T Find Out What It Means To…Your Estate Plan
A Real-Life Look at the Application of the Slayer Statute
Usually women sue their husband’s estate to enforce their right to the elective share of their husband’s estate. Of course, it’s not just wives that sue the estate of their husbands, but both husbands and wives who sue the estates of their spouses, be they husbands or wives. Enforcement of the elective share usually results from a lawsuit, although sometimes its enforcement of provisions of an Estate Plan that cause the lawsuit. This article isn’t about a lawsuit over the right to an elective … [Read more...] about A Real-Life Look at the Application of the Slayer Statute
What Independence Day Teaches Us About Estate Planning
The 4th of July reminds people of the flag, freedom, and fireworks! As our nation’s birthday approaches, we should reflect upon what freedom means to us. Creating an Estate Plan provides a level of individual freedom – a peace of mind regarding your family’s well-being and the legacy that you leave for them once you are gone. Read on to learn more. … [Read more...] about What Independence Day Teaches Us About Estate Planning
What You Need to Know If You Were Recently Diagnosed with Alzheimer’s Disease
Although Alzheimer’s disease is not a new disease, its prevalence appears to have increased in recent decades. While that may simply be because we now recognize the symptoms of the disease earlier, the fact remains that one in nine people aged 65 or older are suffering from Alzheimer’s disease, according to the Alzheimer’s Association. If you were recently diagnosed with Alzheimer’s disease, you are undoubtedly still wrestling with the motional impact of that diagnosis. At some point, however, … [Read more...] about What You Need to Know If You Were Recently Diagnosed with Alzheimer’s Disease
Can an Irrevocable Trust Be Modified or Terminated in California?
Many people choose to include at least one trust agreement within their comprehensive estate plan. If you are among them, you will need to decide what type of trust to create, a decision that should only be made with the advice and guidance of your estate planning attorney. If you ultimately decide to establish an irrevocable living trust, you need to understand what that means. To explain better, the Los Angeles trust attorneys at Schomer Estate & Wealth Advisors explain whether an … [Read more...] about Can an Irrevocable Trust Be Modified or Terminated in California?
Top 5 Reasons to Create an Estate Plan
Surveys indicate that as many as two out of three Americans do not have an estate plan in place. Many of the people who do not have a plan acknowledge the importance of having one, but they have yet to create one. If you are in the majority, there is no time like the present to get started on your estate plan. To provide encouragement, the Los Angeles estate planning attorneys at Schomer Estate & Wealth Advisors discuss the top five reasons to create an estate plan. Top 5 Reasons to Get … [Read more...] about Top 5 Reasons to Create an Estate Plan
