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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 – Orange County

Communities We Serve – Orange County

Here at the Northern California Center for Estate Planning and Elder Law, we take our commitment to our neighbors in Orange County to heart. More commonly known as the “OC,” Orange County is recognized for its legendary beaches and theme parks and everything else that creates the California dream.  Not just a beautiful and exciting place to visit, but also a special place to retire.

Forty-two miles of beaches and much more

Orange County is well-known for its phenomenal beaches, 42 miles worth, with so many fun-filled destinations to choose from, including the Disneyland Resort and Knott’s Berry Farm. There are also many art festivals and performing arts centers. If outdoor adventure is for you, Orange County parks provide expansive wilderness and nature parks and miles of trails and coastal preserves.

Orange County is also the location of lavish beach resorts and spas, where residents and visitors can easily indulge in outstanding cuisine created by award-winning chefs. Enjoy California’s produce and local seafood.

Be sure not to overlook the need for retirement planning

When it comes to retirement planning, Sacramento couples need to know it is never too late to start.  If you believe that you can safely rely on your Social Security benefits, you might be unpleasantly surprised.  Instead of taking that risk, be proactive and create your comprehensive retirement plan now.  That way, you can relax and enjoy your retirement the way you always hoped you would.

Retirement is meant to be relaxing, but the thought of retirement for some may instead be stressful.  A common concern many clients have is whether they will have sufficient income or savings to be able to have a comfortable retirement.  Clients often wonder when they need to start saving and what is the best strategy.  If you get your estate planning attorney to help with your retirement planning, you should be able to avoid most of the common mistakes.

It is important to begin to set aside sufficient savings as soon as possible

The sooner you start saving the more you will have accumulated by the time you decide to retire.  If you want to have enough financial assets available when you retire, you need to open your savings account as soon as possible and start making regular deposits.  The sooner you start, the more compound interest you will ultimately be able to earn.

Update your retirement plan whenever necessary to keep it current

It is essential to review your estate plan periodically, as well as your retirement plan.  It needs to be looked over so you can make all necessary modifications as things change over time.  It is very likely that you will need to make adjustments to your plan.  For example, you may need to address changes in the market that may have an unfavorable effect on your investments.  You may also need to amend your plan when there is a change in your income or expenses.

Recognize the potential for higher health care expenses in the future

Long-term care expenses are not the only thing you need to consider.  Routine health care expenses can also be an issue, particularly if you fail to consider the fact that those costs will rise by the time you actually retire.   While you may not necessarily need a nursing home, you could still require more frequent trips to the doctor as you age.  A major goal of retirement planning is to be prepared for handling the increased costs of health care.  However, if you fail to take into consideration the potential increased costs when creating your retirement plan, you will likely face financial issues during your retirement.

Keep your retirement goals reasonable so they are easier to achieve

A common concern for most clients is knowing exactly how much income or assets you will need to retire.  It is certainly a challenge trying to determine what you will need to maintain your current lifestyle 25 or 30 years in the future.  If you don’t get it right, you run the risk of having insufficient financial resources for retirement.  On the other hand, if your goal is unreachable because you believe you need much more money than you really do, then you will be discouraged and likely accomplish nothing.

Thanks for taking the time to find out about our connection to Orange County. If you have questions regarding how retirement goals, or any other retirement planning issues, contact the Northern California Center for Estate Planning and Elder Law for a consultation, either online or by calling us at (916) 437-3500.

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

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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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