Schomer Estate & Wealth Advisors

09/01/2026

What Does Generational Wealth Really Look Like?

When we hear “generational wealth,” it’s easy to picture someone leaving their children millions of dollars.

But for most families, that’s not the reality.

Generational wealth can be a home that has been paid off. It can be a retirement account, a small business, an investment account, or life insurance.

It can also be something you can’t put a dollar amount on.

Teaching your kids how to save money.

Showing them how credit works.

Talking to them about investing instead of making money a taboo subject.

Teaching them what to do with an inheritance instead of simply handing them one.

That’s wealth too.

Maybe you didn’t grow up with a financial roadmap. Maybe your parents never talked about money with you. That doesn’t mean you can’t start a different conversation with your own children.

Sometimes generational wealth starts with what you leave behind.

Sometimes it starts with what you teach while you’re still here.

What would you want your children to inherit from you: money, property, financial knowledge, or all three?

Start the conversation. Your family’s financial future could look very different because you did.

08/31/2026

Proper asset management can ease family tensions during tough times. Discover the keys to effective trust administration.

08/31/2026

DID YOU KNOW?

That iconic pier in Manhattan Beach has been standing over the Pacific for more than 100 years!

That picture-perfect spot where you walk, fish, watch the surfers, and take way too many photos has some serious LA history behind it.

The current Manhattan Beach Pier was completed in 1920, replacing earlier piers that didn’t survive the powerful Pacific storms.

And here’s something you might not know: the pier was built with reinforced concrete, which was a pretty innovative choice at the time. Its famous rounded end was also designed to help reduce the impact of waves.

Then there’s the "Roundhouse" at the end of the pier. Added in the 1920s, it became one of the most recognizable features of the Manhattan Beach coastline.

Over the years, the pier has taken a beating from storms, needed major repairs, and gone through extensive restoration. But it’s still here and in 1995, it was designated a "California State Historic Landmark."

One other fascinating piece of Manhattan Beach history nearby is Bruce's Beach, which connects the area to the history of Black beach ownership, segregation, and the eventual return of the property to the Bruce family's heirs. However, the descendants of Charles and Willa Bruce sold the property back to Los Angeles County for $20 million in January 2023,

So the next time you’re strolling down the Manhattan Beach Pier, remember: You’re walking on a piece of Southern California history that has been here since before Route 66, before the Hollywood sign, and before most of the LA we know today even existed.

Photo by Olivia Krueger on Unsplash

08/28/2026

The Family Meeting Nobody Wants to Have

As our parents get older, there are conversations we know we need to have, but somehow keep putting off.

Money is one of them.

We may notice Mom forgetting to pay a bill or Dad having trouble keeping track of his finances. Maybe they’re doing just fine right now, but we’ve started thinking about what would happen if they couldn’t manage things on their own.

Then the questions start coming:

Who would handle their finances?

Where are their important documents?

Who would they want making decisions for them?

What do they want if they can no longer make those decisions themselves?

These aren’t easy conversations to have with your parents. They can feel uncomfortable because, in our minds, they’re still Mom and Dad. The people who took care of us are now the people we’re trying to make sure are taken care of.

But waiting until there’s a health emergency or financial crisis can make an already difficult situation even harder.

Having the conversation now gives everyone a chance to understand what Mom and Dad want while they can still make those decisions for themselves.

It doesn’t have to be a big family meeting. Start with a simple question:

“Mom, if you ever needed help managing your finances, who would you want to help you?”

That conversation might feel uncomfortable today, but it could save your family a lot of confusion and stress tomorrow.

Have you had this conversation with your parents? Reply in the comments

08/28/2026

We are proud to announce that Scott P. Schomer, Esq., founder of Schomer Estate & Wealth Advisors, has been recognized in the 2027 edition of The Best Lawyers in America® for Trusts and Estates in Los Angeles.

This marks Scott’s first recognition by Best Lawyers, placing him among the top 5% of attorneys who earn this distinction.

Best Lawyers recognition is based on peer review, making this honor especially meaningful. For decades, Scott has dedicated his practice to helping individuals and families protect their assets, preserve their legacies, and plan confidently for future generations.

We are incredibly proud to see Scott’s commitment to his clients and the legal profession recognized by his peers.

Please join us in congratulating Scott on this outstanding achievement.

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08/28/2026

Trust administration is vital to fulfilling your wishes after you’re gone. Learn how to choose the right trustee today!

08/28/2026

08/26/2026

Dolly Parton: A Legacy That Goes Far Beyond Music

It’s hard to imagine a world without Dolly Parton in it.

Dolly passed away yesterday at the age of 80, leaving behind a career that spanned generations. She gave us songs we will never forget, movies we still love, and a personality that somehow made millions of people feel like they knew her.

But when you think about Dolly’s legacy, you think about something bigger than her music.

You think about her kindness.

Through the Dollywood Foundation and her Imagination Library, Dolly helped make books available to children around the world. The Imagination Library alone has gifted more than 300 million books to children. She also supported scholarships, education, disaster relief, healthcare and countless other causes.

And somehow, through all of her success, Dolly never seemed to forget where she came from.

She was successful without losing her humility. Wealthy without forgetting the importance of giving. Famous without losing that warmth and sense of humor that made people smile.

That may be one of the greatest lessons in her legacy.

You can build an incredible career. You can create wealth. You can become successful beyond your wildest dreams.

But what you do with what you have can be just as important as how much you achieve.

Dolly Parton leaves behind music, businesses, books, opportunities and memories that will live on for generations.

But more than anything, she leaves us a reminder that success and kindness can go hand in hand.

Rest in peace, Dolly. Thank you for the music, the laughter, the generosity and the example.

08/26/2026

Understand the responsibilities of a trustee to avoid disputes. Your family's future is too important to leave to chance.

08/24/2026

We All Worry About Our Parents Sometimes

As our parents get older, you start noticing little things you didn’t notice before.

Maybe Mom gets a strange phone call and isn’t sure who it was. Maybe Dad mentions someone he met online who has been asking for money. Or you notice a few withdrawals that just don’t make sense.

And you start wondering, “Should I say something?”

It’s a tough place to be. You want to respect their independence, but you also want to protect them.

The truth is, scammers are getting better at gaining people’s trust, and older adults can be especially vulnerable to financial scams.

That’s why checking in matters.

Ask questions. Stay involved. Talk about finances before there’s a problem. Make sure they know they can come to you if something doesn’t feel right.

We are not talking about taking control away from Mom or Dad.

We are making sure they don’t have to face a difficult situation alone.

If you have an aging parent, take a few minutes to check in with them this week. You might be surprised by what comes up.