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5 Common Estate Planning Mistakes – How to Avoid Them

  Here are 5 common, serious mistakes we see in estate planning – mistakes that can be solved fairly easily with help from your attorney or financial planner. Misuse of Jointly Held Property – jointly held property may become a nightmare in terms of unexpected tax and nontax problems First, there is the potential for federal and state gift tax upon the passing of one joint tenant if the property is jointly held with a non–spouse or a non-citizen spouse; Second, once jointly owned property with a right of survivorship passes to the survivor, any provisions in the person who has passed away’s will pertaining to the property are ineffective – this is true even when the property is jointly held with a spouse. Third,

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Posted in Estate Planning, Wills / Trusts

Estate Planning: What it is and Why You Need it?

If you are interested in planning to accumulate and conserve wealth during the course of your life, and eventually want that wealth distributed to your family, friends, and favorite charities efficiently and in a way that accomplishes your tax and nontax related goals, then you are interested in estate planning. In a nutshell, estate planning is about managing your property both before and after your death. And, the reality of the matter is that if you do not actively plan for the distribution of your estate, the government has a plan set up for you – a plan that may result in your family spending a lot of time in court and seeing a substantive portion of your estate dwindled down by taxes. But, if

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Posted in Estate Planning, Wills / Trusts

Zachary D. Schorr’s Expert Appearance on the Dr. Phil Show

Zachary D. Schorr’s Expert Appearance on ABC’s Nightline

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Super Lawyers

Zachary Schorr Superlawyers

Zachary D. Schorr has been named to the Southern California Super Lawyers (Rising Stars) list for attorneys in Real Estate for 5 straight years - 2012, 2013, 2014, 2015 and 2016. Each year, no more than 2.5 percent of the lawyers in the state receive this honor. In 2016 he was also included as one of the top 100 lawyers in Southern California in this category. The selection for this respected list is made by the research team at Super Lawyers.

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If you are currently involved in a real estate dispute, either commercial real estate or residential, and are looking for a Real Estate Attorney in Los Angeles with a cost-effective, results oriented approach designed to meet your case's specific needs, contact the attorneys at Schorr Law. Our real estate firm has the specific knowledge and experience necessary to get you the best possible results.

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Zachary Schorr Avvo Rating

Avvo Clients’ Choice Award Recipient

Zachary Schorr Avvo Client's Choice Award