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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 » Estate Planning » Attend an Upcoming Estate Planning Seminar

Attend an Upcoming Estate Planning Seminar

April 17, 2019Estate Planning

seminar estateThe estate planning attorneys here at the Schomer Law Group greatly believe in the power of education. Studies that are conducted to get a feel for the estate planning preparedness of American adults typically show that most people are going through life without any estate planning documents.

We have found that people are more likely to take action when they understand why the process is so very important. To spread awareness, we offer seminars on an ongoing basis when time allows. There are a number of dates coming up in the near future, and these are some of the topics that will be covered at these information sessions.

Asset Transfers

Far too many people that do not understand the facts equate the process of estate planning to the simple execution of a last will. In reality, if you have a reasonable store of resources to pass along to your loved ones, this may not be the best choice at all.

You may not be aware of the fact that a last will must be admitted to probate after the passing of the decedent. This is a legal process, and it comes with some pitfalls. One of them is the consumption of time; it will take at least eight months to a year for the court to probate an estate in most cases.

No inheritances can be distributed until the estate has been probated and closed by the court, so this waiting game negatively impacts the rightful inheritors. In addition to this factor, there is also the matter of expenses. Legal fees, court costs, the executor’s payment, accounting charges, liquidation fees, and appraisal expenses can consume a significant portion of the estate.

Plus, if you use a last will to state your final wishes, you would be allowing for lump sum inheritances. This could be a source of concern if you have someone in the family that is not good at managing money.

All of these drawbacks can be avoided through the utilization of a revocable living trust instead of a last will. Assets that have been conveyed into this type of trust can be distributed by the trustee that is named in the document outside of probate, so all the negatives are avoided.

It is also possible to instruct the trustee to provide a spendthrift beneficiary with limited distributions over an extended period of time. These are a couple of the benefits, but there are others.

Of course, there are other types of trusts that can satisfy a wide array of different estate planning objectives. The right choice will depend upon the circumstances, and this is why it is important to discuss your options with a licensed estate planning attorney before you make any final decisions.

Incapacity Planning

Estate planning is not confined to events that will take place after you are gone. A well-constructed estate plan will address circumstances that may befall you toward the end of your life.

The Alzheimer’s Association tells us that about 40% of elders that are 85 years of age and older have contracted the disease. Clearly, people with this health challenge are not going to be able to make sound decisions on their own at some point in time. While Alzheimer’s is a major culprit, it is not the only underlying cause of incapacity in the oldest old.

To account for this, you can include documents called durable powers of attorney in your estate plan. With a durable power of attorney for health care, you can name someone to make medical decisions on your behalf. A durable financial power of attorney can be added to empower a financial representative

Another incapacity document that should be included is a living will. With this type of will, you state your preferences with regard to the utilization of life-sustaining measures like artificial hydration, artificial respiration, and other life support systems.

Estate Tax Efficiency

There are many financially successful people in our area, and it is important to brace yourself for estate taxes if you are a high net worth individual. This tax can take a heavy toll on your legacy, because it carries a hefty 40% maximum rate. Fortunately, there are strategies that can be implemented to gain estate tax efficiency, and we explain them at our seminars.

Reserve Your Seat Today!

As you can see, you can learn a great deal if you attend one of our seminars, and these are not the only three topics that are covered. It would be well worth the investment if there was an admission charge, but you will not be asked to reach into your pocket for one thin dime.

That’s right, the seminars are being offered free of charge at the present time. However, we do ask that you register in advance, because space is limited. You can get all the details if you visit the Los Angeles estate planning seminar page on this website.

 

 

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Scott Schomer, Estate Planning Attorney
Scott Schomer, Estate Planning Attorney
A graduate of Boston University School of Law, Scott P. Schomer is a frequent lecturer on estate planning and elder law issues, having discussed these important issues on local and national television. A seasoned courtroom advocate, Scott has obtained combined judgments and verdicts in excess of twenty-five million dollars for his clients. Scott has served as a member of the Los Angeles Superior Court Probate Volunteer Panel (PVP Attorney), Probate Settlement Panel and a Judge Pro Tempore. Scott's expertise has been recognized by his peers with such accolades as a life-time membership in the Multi-Million Dollar Advocates Forum, the Five Star Wealth Manager designation, and repeated nominations as California Super Lawyer.
Scott Schomer, Estate Planning Attorney
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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
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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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