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Estate Planning and Elder Law Blog

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What doesn't Medicare cover.

Do I Need a Trust, or a Last Will and Testament ?

Posted on: December 13, 2022 | By: David Parker, Esq.
One of the most common questions people ask about estate planning is whether they should be using a revocable trust instead of a last will and testament.
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New IRS portability rules

Should You Agree to Being a Guardian?

Posted on: December 12, 2022 | By: David Parker, Esq.
You might be surprised at how many questions arise surrounding financial issues, legal arrangements and lifestyle choices.
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What wrong with the Presley estate?

Does New Feature on Alexa Together Help Seniors?

Posted on: December 9, 2022 | By: David Parker, Esq.
Amazon has added a "custom alert" to Alexa Together care service, which will allow pings to up to 10 caregivers when there's particular smart home activity.
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5 biggest mistakes for beneficiaries

Five Mistakes in Estate Planning May Lead to Breach of Family Harmony

Posted on: December 8, 2022 | By: David Parker, Esq.
Some estate planning decisions can lead to terrible family rifts that never recover.
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Co-op and transferring to the kids

What Is Wife of Chrysler Building Billionaire Michael Fuchs Entitled to Under Prenup?

Posted on: December 7, 2022 | By: David Parker, Esq.
The estranged wife of the billionaire owner of New York’s Chrysler Building is entitled to more than 37 million pounds ($43 million) under the terms of prenuptial agreements, a judge in London said Monday.
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What doesn't Medicare cover.

How to Defend a Will Contest

Posted on: December 6, 2022 | By: David Parker, Esq.
The news is full of stories about the famous who didn’t bother to make a will to dispose of their substantial fortunes. Although many others did make a plan, various issues with their testamentary documents have led to costly and protracted litigation.
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Avoiding Guardianship

Is Guardianship a Good Idea?

Posted on: December 5, 2022 | By: David Parker, Esq.
A guardianship is a court-ordered relationship that is created to protect a person who is incapable of handling their estate or personal affairs. Guardianship law varies by state.
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What wrong with the Presley estate?

How Will Social Security Change Next Year?

Posted on: December 2, 2022 | By: David Parker, Esq.
Social Security recipients likely already know that their benefits get a bump almost every year to counteract the effect of inflation. However, that cost-of-living adjustment is just one of several annual tweaks to the Social Security system.
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How to provide asset protection

What Is Asset Protection Planning?

Posted on: December 1, 2022 | By: David Parker, Esq.
Asset protection planning is the process of building barriers around your assets, whether those assets are personal or business, to keep them safe from litigation, creditor claims, seizure and burdensome taxes.
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trust administration

Should I Need a Trust in My Estate Plan?

Posted on: November 30, 2022 | By: David Parker, Esq.
A trust can be a vital component in an estate plan.
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