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Estate Planning and Elder Law Blog

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Don't fight over an inheritance

Can You Prevent Family Fights over Inheritance?

Posted on: November 29, 2022 | By: David Parker, Esq.
In early 2022, Bloomberg News reported that Americans can expect to inherit $72.6 trillion over the next quarter century—more than twice as much as a decade ago. With so much potential generational wealth on the line, there is always a risk that it will become the subject of a dispute.
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Don't make these estate planning mistakes

Top Five Estate Planning Mistakes

Posted on: November 28, 2022 | By: David Parker, Esq.
Overlooking an important step or making a blunder can derail all your careful planning, leaving your heirs and beneficiaries with a headache-inducing challenge.
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Causes of dementia

Could Picking Nose Increase Risk of Dementia ?

Posted on: November 26, 2022 | By: David Parker, Esq.
Picking your nose might be connected to dementia, new research finds.
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Can a BDIT save you on taxes?

Did Loretta Lynn have an Estate Plan?

Posted on: November 25, 2022 | By: David Parker, Esq.
Country music icon Loretta Lynn passed away at the age of 90 on Tuesday, October 4th. The renowned singer had reportedly planned her funeral service before her death.
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Is Tupac Alive?

Is a Colorado Prisoner Tupac Reincarnated and Entitled to His Vast Estate?

Posted on: November 23, 2022 | By: David Parker, Esq.
A Colorado inmate filed a lawsuit in New York to obtain Tupac Shakur’s estate because he believes he’s the late rapper reincarnated.
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A Special Needs Trust can protect your child.

How Do Special Needs Trusts Work?

Posted on: November 22, 2022 | By: David Parker, Esq.
A special needs trust (SNT) can help you provide financial security to your child after you die without leaving them ineligible for the government benefits that they need to sustain care.
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fla

Could Your Estate Plan Be a Disaster?

Posted on: November 21, 2022 | By: David Parker, Esq.
We’re all looking to save taxes, court costs, legal fees and ‘make it simple’ for our heirs. A last will and testament is the cornerstone of all estate planning, maybe with a trust.
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Paying for Funeral Expenses

Can Loved One’s Funeral Expenses Be Deducted?

Posted on: November 18, 2022 | By: David Parker, Esq.
The ability to deduct funeral expenses on your tax returns depends on who paid for the funeral expenses.
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HIPAA rules

What Does New Research Tell Us About Muhammad Ali’s Parkinson's Disease?

Posted on: November 17, 2022 | By: David Parker, Esq.
Muhammad Ali had idiopathic Parkinson's disease that emerged at an early age, according to new evidence from physicians who repeatedly evaluated the fighter over 20 years.
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Co-op and transferring to the kids

Bargain Sale - There are Ways to Transfer Home to Your Children

Posted on: November 16, 2022 | By: David Parker, Esq.
Transferring a home to adult children is not quite as easy as giving them the keys and letting them move in. No matter how you do it, the taxman wants his cut, whether through estate and gift taxes or those for property and income, both federal and state.
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