A comprehensive estate plan will help accomplish several related goals. One estate planning component you may not have included in your plan yet is long-term care planning. Even if you are still relatively young, you need to think about – and plan for – the possibility that you or your spouse will need long-term care (LTC) later in life. To help you better understand, the Los Angeles Medi-Cal planning attorneys at Schomer Estate & Wealth Advisors explain why it is important to plan for long-term … [Read more...] about Why Is It Important to Plan for Long-Term Care?
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Start 2022 the Right Way
The New Year gives us an opportunity to start fresh. If you don’t yet have an estate plan, now’s a great time to make an appointment with an Estate Planning attorney to talk about your goals and concerns. If you already have one, the New Year gives you an opportunity to review it to ensure that it still accomplishes your goals or to make any necessary changes. Read on to learn more … [Read more...] about Start 2022 the Right Way
Double Your Gifting with Spousal Gift-Splitting
As you plan your strategy for 2022, it’s important to consider gifting, including spousal gifts. Your spouse could double your ability to make gifts of “annual exclusions” without being considered to have made a gift for estate tax purposes. Read on to learn more. … [Read more...] about Double Your Gifting with Spousal Gift-Splitting
The Evolution of our Unified Estate and Gift Tax System
Many individuals think that if their estate is below a certain amount that they need not be concerned with Estate Planning. As this article demonstrates, because the Estate Tax evolves constantly, it’s important to talk with a professional to create a plan to accomplish your goals. Read on to learn more. … [Read more...] about The Evolution of our Unified Estate and Gift Tax System
The Intersection of Legacy Contacts and Estate Planning
As more and more individuals get comfortable in the digital world, Estate Planning has changed to address the collection and transfer of digital assets. The widespread use of a legacy contact allows owners of digital content to determine what will happen with it after they die. Read on to learn more. … [Read more...] about The Intersection of Legacy Contacts and Estate Planning
What to Do If You Suspect Elder Abuse
As the Baby Boomer generation moves into their retirement years, the “older” population in the U.S. is growing rapidly. Consequently, the need for caretakers has also grown at an astounding rate. Most people who care for the elderly do so with kindness and patience; however, there are those who prey on society’s most vulnerable, including the elderly. Realizing that an elderly loved one may be the victim of abuse can be a frightening and confusing revelation. The Los Angeles elder law attorneys … [Read more...] about What to Do If You Suspect Elder Abuse
¿Necesito un Abogado que Me Ayude a Legalizar un Patrimonio?
Uno de los primeros pasos prácticos que se deben tomar después de la muerte de un ser querido es localizar la última voluntad y el testamento del difunto. La persona designada en ese testamento como albacea de la herencia está encargada de supervisar la sucesión del patrimonio del difunto. Si recientemente se enteró de que fue designado para ser el albacea de un patrimonio, es posible que se pregunte si necesita un abogado que lo ayude a probar el patrimonio. En última instancia, es su … [Read more...] about ¿Necesito un Abogado que Me Ayude a Legalizar un Patrimonio?
Common Ways to Include Charitable Gifts in Your Estate Plan
Are you someone who gives regularly and generously to charity? If so, you may hope to continue your charitable gifting after you are gone. While you can simply make charitable gifts in your Last Will and Testament, there are other options that offer additional benefits to both you and to the recipient. The Los Angeles estate planning attorneys at Schomer Estate & Wealth Advisors discuss common ways to include charitable gifting in your estate plan. Charity and Your Lasting Legacy If giving … [Read more...] about Common Ways to Include Charitable Gifts in Your Estate Plan
Can I Be the Trustee of the Trust I Establish?
As your estate wealth and your family grow, you will likely incorporate a variety of estate planning tools and strategies into your existing estate plan. One of the most common of those is a trust. If you do decide to add a trust to your estate plan, you will need to appoint a Trustee for that trust. A common question people have when creating a trust is whether they can appoint themselves to be the Trustee of that trust. To help answer that question, the Los Angeles trust attorneys at Schomer … [Read more...] about Can I Be the Trustee of the Trust I Establish?
5 Threats to Your Assets
Your estate plan should protect your assets while you are here as well as ensure they are distributed according to your wishes when you are gone. For your plan to protect your assets though, you must first identify the possible threats to those assets. Some of the ways in which your assets might be at risk are obvious; however, there are also likely ways in which your assets are at risk that you have not considered. To help you keep your assets safe, the Los Angeles estate planning attorneys at … [Read more...] about 5 Threats to Your Assets
