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Estate Planning and Elder Law Blog

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Johnny Cash, the man in black

What Types of Rooms are in Assisted Living Communities?

Posted on: April 29, 2022 | By: David Parker, Esq.
As we age and our health concerns increase, we often need some help with formerly easy tasks, like shopping or bathing. Many families turn to assisted living facilities to support and care for older relatives.
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Estate Planning and divorce

Can My Ex Get Some of My Estate?

Posted on: April 28, 2022 | By: David Parker, Esq.
Resist the urge to use your will for vengeance
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Succession Planning

Is Succession Planning Necessary for Family Business Entities?

Posted on: April 27, 2022 | By: David Parker, Esq.
While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.
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Open enrollment mistakes

Does an Elder Orphan Need an Estate Plan?

Posted on: April 26, 2022 | By: David Parker, Esq.
This is big concern for millions of older Americans who don’t have a spouse, children or other family they can depend on to watch out for their well-being.
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Co-op and transferring to the kids

What Happens to a Pet when Owner Dies?

Posted on: April 25, 2022 | By: David Parker, Esq.
While it’s never fun or pleasant to think about what will happen to them if the worst should happen to us, it’s very important to consider how we can ensure that they are well cared-for when and if we are no longer able to care for them ourselves.
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Where is your Health Care Power of Attorney ?

Many Nursing Home Residents Still Haven’t Received a COVID-19 Booster

Posted on: April 22, 2022 | By: David Parker, Esq.
More than 1 in 3 U.S. nursing home residents and nearly 2 in 3 nursing home workers had still not received a COVID-19 booster as of late February, according to an AARP analysis of federal nursing home data released Thursday.
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Veterans Affairs Medical Centers

What’s Going on with Veterans Affairs Medical Centers?

Posted on: April 21, 2022 | By: David Parker, Esq.
Thirty-five Veterans Affairs Medical Centers in 21 different states would be closed or completely reconstructed under a nearly $2 trillion infrastructure overhaul unveiled by department leadership on Monday.
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Assistance for caregivers

What Did Diana Rigg Leave Her Daughter in Her Will?

Posted on: April 20, 2022 | By: David Parker, Esq.
Diana Rigg left her daughter Rachael Stirling £3 million of her fortune after a "traumatic" time living with her before she died, according to reports.
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New IRS portability rules

How Does a Trust Fund Work?

Posted on: April 19, 2022 | By: David Parker, Esq.
Trust funds are an important estate planning tool. They can protect your assets while you’re alive and help ensure that you leave money to your children or other loved ones after you die.
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New RMD rules

What are the New IRA Distribution Rules?

Posted on: April 18, 2022 | By: David Parker, Esq.
The Internal Revenue Service (IRS) recently issued much anticipated proposed regulations that clarify and revise some of the required minimum distribution (RMD) rules for qualified plans (i.e., 401ks, 403bs, etc.) and individual retirement accounts (IRAs).
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