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Communication in estate planning

Why Is Communication Important in Estate Planning ?

Posted on: May 12, 2022 | By: David Parker, Esq.
For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
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Don't fight over an inheritance

My Children Really Don’t Want My Stuff?

Posted on: May 11, 2022 | By: David Parker, Esq.
Your grown children will not agree to be the recipients of your downsizing, if it means their upsizing.
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Can a BDIT save you on taxes?

How to Know If a Last Will Is Invalid

Posted on: May 10, 2022 | By: David Parker, Esq.
When considering whether to contest a decedent’s Last Will and Testament, an individual should consider whether red flags might be present which may point to a successful basis to challenge a disputed Will.
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Fundamental estate planning

Communication is Key in Generational Estate Planning

Posted on: May 10, 2022 | By: David Parker, Esq.
For most families, the estate planning process is more involved than simply naming beneficiaries. While the primary goal of estate planning is transferring assets in an orderly and tax-efficient manner, it’s just as important to focus on preserving wealth across generations.
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What doesn't Medicare cover.

What are non-probate Assets ?

Posted on: May 9, 2022 | By: David Parker, Esq.
In presentations regarding essential actions individuals should take regarding inheritance, emphasis is usually placed on drafting a will. This leaves unanswered what happens to assets that do not pass by will —so called non-probate assets.
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Where is your Health Care Power of Attorney ?

How Bad Is Caregiver Burnout?

Posted on: May 6, 2022 | By: David Parker, Esq.
A new study showed that caregiver burnout is becoming a growing problem.
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CDPAP will pay you to take care of Mom.

Is Your Incapacity Plan in Place?

Posted on: May 5, 2022 | By: David Parker, Esq.
You may lose the ability to manage your own affairs as you grow older. Therefore, it’s necessary to have an incapacity plan in place.
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Calculating Required Minimum Distribution

What Do I Need to Know About Long-Term Care Insurance?

Posted on: May 4, 2022 | By: David Parker, Esq.
Long-term care insurance covers expensive nursing care needs. However, is it a good investment? Here’s what experts say about what you should take into account.
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What doesn't Medicare cover.

How to Get Started on an Estate Plan

Posted on: May 3, 2022 | By: David Parker, Esq.
The Covid-19 pandemic has increased Americans’ awareness of the need to have a will, living trust or other similar end-of-life document prepared.
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Work on your Estate Plan

POA - What Estate Planning Documents are Used to Plan for Incapacity?

Posted on: May 2, 2022 | By: David Parker, Esq.
One of the most important estate planning documents for all persons over the age of 18 to consider is a durable power of attorney.
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