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Estate Planning and Elder Law Blog

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How can a Discretionary Trust help me?

Should I have a Discretionary Trust in My Estate Plan?

Posted on: April 6, 2022 | By: David Parker, Esq.
A discretionary trust is a type of trust that can be established on behalf of one or more beneficiaries.
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A Special Needs Trust can protect your child.

What Is Best Way to Spend ABLE Account Money?

Posted on: April 5, 2022 | By: David Parker, Esq.
ABLE accounts are a way for people with disabilities to save and spend money, while protecting their access to public benefits.
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How does Portability work?

How Does Gift Tax Exclusion Work?

Posted on: April 4, 2022 | By: David Parker, Esq.
In 2022, the annual exclusion for Federal Gift Taxes increased to $16,000 per person per year. Although there is near-universal acceptance of the importance of gifting, there are several issues you should consider before making any gifts.
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Work on your Estate Plan

Risk Factors and Dementia Cases

Posted on: April 1, 2022 | By: David Parker, Esq.
Nearly half of all dementia cases in the U.S. may be linked to a dozen modifiable risk factors—most notably high blood pressure, obesity and physical inactivity, according to new research.
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Talk to your parents about their estate plan

How Do I Talk to My Parents About Estate Planning?

Posted on: March 31, 2022 | By: David Parker, Esq.
If you have a parent over the age of, say, 65, thoughts about their future may have started to creep into your mind. But because end-of-life planning can be emotional and overwhelming, it’s tempting to put these conversations off — and even more pleasing to avoid them altogether. If there’s a lesson to be learned from the pandemic, however, it’s that waiting until the last minute to prepare is seldom a good idea.
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Estate planning for physicians

Is It Important for Physicians to Have an Estate Plan?

Posted on: March 30, 2022 | By: David Parker, Esq.
Given their salaries and the chances of getting sued, physicians should strongly consider estate planning early in their careers.
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Estate Planning is one part of Elder Law

How Do I Protect Myself and My Children in a Second Marriage?

Posted on: March 29, 2022 | By: David Parker, Esq.
Who’s going to inherit on the death of one of the re-marrieds? Will this be the surviving spouse? If so, where will those inherited monies go on the second-to-die’s death?
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New RMD rules

What Can I Do Instead of a Stretch IRA?

Posted on: March 28, 2022 | By: David Parker, Esq.
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
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Where is your Health Care Power of Attorney ?

Is Palliative Care a Benefit to All Seniors?

Posted on: March 18, 2022 | By: David Parker, Esq.
The COVID pandemic has shown how palliative care can also be valuable for managing the pain and stress of illness.
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Long-Term Care Insurance?

What Does a Good Hospital Discharge Plan Look Like for My Dad?

Posted on: March 17, 2022 | By: David Parker, Esq.
Standing up to a health care professional can be daunting, especially if you're worried about a premature discharge from a hospital.
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