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New RMD rules

RMD Formula Changes for First Time in 20 Years

Posted on: July 12, 2022 | By: David Parker, Esq.
The IRS has good news for retirees: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs).
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A Special Needs Trust can protect your child.

How Do Special Needs Trusts Work?

Posted on: July 11, 2022 | By: David Parker, Esq.
Special needs trusts can help fund quality-of-life improvements for the beneficiary, such as a phone, a trip or a private room in a group care facility.
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Slow walking and dementia

Is Slow Walking a Sign of Dementia?

Posted on: July 9, 2022 | By: David Parker, Esq.
A slower walk as you age has always been a warning sign of increasing frailty that could lead to falls and other disabilities, experts say. Emerging research in small groups of elderly subjects has also found that a slower gait from year to year may be an early sign of cognitive decline.
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What was in Ray Liotta 's Will

Did Actor Ray Liotta Have an Estate Plan?

Posted on: July 8, 2022 | By: David Parker, Esq.
After years of toiling away in the entertainment industry, Ray Liotta was able to build up an impressive net worth.
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Co-op and transferring to the kids

Should You Consider a Reverse Mortgage? “”

Posted on: July 7, 2022 | By: David Parker, Esq.
Many of the negatives have been addressed with federal insurance and oversight. At the least, they’re worth considering for people who are cash poor and house rich.
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What doesn't Medicare cover.

What Is Better, a Trust or a Will?

Posted on: July 6, 2022 | By: David Parker, Esq.
Preparing an estate plan for managing and distributing your assets in the case of death is one of the most important steps you could take to protect and provide for loved ones.
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A safe deposit box isn't a good choice

Safe Deposit Box - How Do I Store Estate Planning Documents?

Posted on: July 5, 2022 | By: David Parker, Esq.
A common dilemma that families face upon the incapacity or death of a loved one is locating estate planning documents. While preparing the documents are the most important step, that is irrelevant if the documents are lost when they most need to be used.
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When shopping for funeral services, be wary.

What Should I Know About Buying Funeral Services?

Posted on: July 1, 2022 | By: David Parker, Esq.
People shopping for funeral or cremation services may be particularly vulnerable to overpaying or being swindled, which is why experts say it is important to be cautious when making those decisions.
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fla

What Did the Rolling Stones’ Charlie Watts Say in His Will?

Posted on: June 30, 2022 | By: David Parker, Esq.
Rolling Stones star Charlie Watts has left £30million of his fortune to his family, UK probate papers have shown.
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Can a BDIT save you on taxes?

What Is Justin Timberlake Doing with His Estate Planning?

Posted on: June 29, 2022 | By: David Parker, Esq.
Justin Timberlake is cashing his chips in at the window.
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