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Schomer Law Group, Los Angeles Estate Planning and Elder Law and Elder Law Attorneys

Schomer Law Group, Los Angeles Estate Planning and Elder Law and Elder Law Attorneys

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Home » Communities We Serve – Huntington Beach

Communities We Serve – Huntington Beach

We would like to thank our neighbors in Huntington Beach for visiting our website. If you are looking for a licensed estate planning attorney in the Orange County area, you have found a reliable local resource. This amazing seaside city in Orange County was named for the American businessman Henry E. Huntington. Huntington was an American railroad magnate who settled in Los Angeles. He was the original owner of the Pacific Electric Railway.

Huntington Beach has a population of more than 189,000 which makes it the most populated beach city in Orange County.  Bordered by the Pacific Ocean on the southwest, Huntington Beach is known for its nearly 10 miles of sandy beaches and excellent surfing locations. The beach culture in this city is thriving, as the beach is known for enhanced ocean waves as a result of the  open ocean swells around Santa Catalina Island. Huntington Beach has earned the nickname “Surf City,” and rightly so.

The typical California lifestyle

It is said that the lifestyle in Huntington Beach is a perfect example of the “California lifestyle,” of freedom and fun. Many songs have been sung about the city, including “Surf City” by Jan and Dean, and mentioned in the Beach Boys song “Surfin’ Safari” and “Surfer Joe” by the Surfaris. It is said that Huntington Beach is the epitome of the California surf culture. The city has some of the State’s cleanest, widest, and safest beaches.

“Best City to Live in Orange County”

The Orange County Register named Huntington Beach the “Best City to Live in Orange County,” in part because of the charming community, moderate weather and diverse economy. There is a variety of housing options and an excellent school system.

Serving our neighbors in Huntington Beach

As we serve our neighbors in Huntington Beach, we want to share our advice on asset protection. A common question that client ask is: when should I start my asset protection planning?  The answer is now.  The general rule is – you need to start planning before your creditor’s start making claims against you.  While there are several ways to go about protecting your assets, many are not effective if your creditors have already made a claim against you, or some other financial liability has arisen.  Why?  Because in many cases, if you transfer your assets after a claim has been made, the transfer may be considered fraudulent.  In other words, the courts may say that you transferred your assets in order to avoid paying your debt.

For asset protection to work you need to avoid fraudulent transfers

The most common type of fraudulent transfer is when a debtor sells or gives away most of their assets to a relative in order to keep that property out of their creditors’ reach.  In order to avoid this situation, you need to plan ahead and make proper transfers for assets before it’s too late.  But, how do you know who is a potential creditor?  This can be very difficult to determine.  So, discuss your financial situation with your asset protection lawyer to be sure you consider the possibilities.

Asset protection tips for business owners

It is equally important for business owners to protect their assets, as it is for an individual.  In fact, it may be more important, as business owners typically have more sources of debt or potential liability.  Here are some examples of ways that a business owner can avoid potential liability:

  • avoid high-risk investments
  • exercise extraordinary care when hiring employees
  • refrain from loaning cars, boats and other dangerous equipment to someone else
  • avoid joint ownership in such dangerous equipment
  • include indemnification language in all contracts, where appropriate

Why do I really need an asset protection plan?

Asset protection basically involves analyzing your assets and arranging them so that you can provide the most protection against loss possible.  If you engage in asset protection properly, with the help of an asset protection lawyer, the process is completely legal.  In fact, you can effectively protect all of your assets from the unexpected risk of loss, without any type of fraud or tax evasion.  Without protection, though, you could leave much less behind for your family than you intended, simply because the creditors must be paid first.

Asset protection planning is not illegal

A common misconception that many clients have is that asset protection planning involves under-the-table transactions meant to evade and deceive.  That is not the case.  We all have the option of structuring our assets in a manner that is financially beneficial to us, as long as it is done within the limits of the law.  In reality, the only time fraud becomes an issue is when the obvious purpose of the asset protection plan is to hinder, delay or defraud creditors from collecting valid debts.  This can be avoided by creating your asset protection plan before the creditors’ claims arise.

If you have questions regarding asset protection planning, please contact the Schomer Law Group either online or by calling us in Los Angeles at (310) 337-7696.

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Testimonials

Client Review
July 29, 2020
    

We need to update our Living Trust and attended Schomer Law Group’s seminar. Afterwards we made an appointment and were impressed by the attention Scott Schomer and Liran Aliav gave to our case answering all questions and making suggestions how to minimize the estate tax. All the office staff is very friendly and we highly recommend Schomer Law Group.

Frank & Jutta R
Client Review
July 29, 2020
    

Mr. Schomer does an amazing job at explaining all the intricacies of establishing a trust. He and his team help you every step of the way so you always know what to expect and what you are preparing for. Best education you can get and the best gift you can give your family.

Paula M.
Client Review
July 29, 2020
    

We put off getting a trust for years. After attending a seminar with Scott Schomer we realized that the time had come to get a trust. We were given very good reasons for why we should get a trust. No pressure, just the plain facts. We are very relieved and happy to finally get our trust. Scott and Cesar were very knowledgeable, helpful and listened to our ideas of what we had to say. Any questions that we have now and in the future they are available to assist us to solve them. I recommend the Schomer Law Group and I wish we knew about them years ago.

Phillip G.
Client Review
July 29, 2020
    

When you’re presented with an invitation to attend in a mailer, you may have reservations, this was a truly gift!! My wife and I were educated and guided through the process of creating a family trust.
Both of our parents had attorney’s that “worked” with wills/trusts, but came up short. Fortunately, the Schomer Law Group was there! This is a group of attorney’s that only specialize in estate planning, law, and financial advice, so you know you’re getting expert and personalized advice. This is the best money we’ve ever spent!! Thank you!

Bob L.
Client Review
July 29, 2020
    

We knew we had to update our 10 year old ( 20 page ) trust. After several detailed meetings, Liran and Cesar produced a large ( 300 pages + ) highly detailed trust document that we have used to make sure our family estate is well managed and clearly understood.
They were all very helpful in answering myriad questions and explaining all the various options…

We would strongly recommend the Schomer Law Group to anyone with an estate of even modest means, to assure proper planning…

Bob S.
Client Review
July 29, 2020
    

We had contemplated updating our will and starting a trust for a number of years. After attending a talk by Scott Schomer we realized we were long overdue and the potential downside of not having our affairs in order was significant. Scott and his excellent team made the process simple and seamless. They were great listeners, addressed all our concerns and even pulled and processed all the paperwork from our financial institutions. If you are looking for assistance with estate planning, wills and trusts, we highly recommend Schomer Law Group.

Robert F.
Client Review
July 29, 2020
    

Very competent & informative – friendly atmosphere – ready to answer the most mundane questions – relaxed.

Joan S.
Client Review
July 29, 2020
    

Mr. Schomer was excellent in getting our family trust and estate affairs in order. My husband and I had put off doing this and Scott really made the process easy! He is very passionate in making sure his clients get all that they need and we really appreciated it. I would highly recommend him and look forward to the many years he will be available to assist our family.

Kim

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2155 Campus Drive
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El Segundo, CA 90245
Phone: (310) 337-7696
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