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Larry King 's estate goes on.

Why Should I Have a Living Will?

Posted on: February 11, 2022 | By: David Parker, Esq.
As a review of terms, a will is a legal document that specifies how a person’s estate should be handled only after that person’s death. A living will has nothing to do with how your “things” like property, money, jewelry, etc. are to be distributed. Unlike a will, it is, in fact, a document that comes into play while you’re still alive.
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What does the surviving spouse get?

How to Avoid Giving Estate to Your Ex

Posted on: February 10, 2022 | By: David Parker, Esq.
State laws generally make it so that once a married couple is divorced, ex-spouses lose all property rights.
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Eddie Van Halen left money to a foundation

CAN YOU DIS INHERIT YOUR CHILDREN?

Posted on: February 9, 2022 | By: David Parker, Esq.
I’ve decided I no longer want to leave my estate to my children. They are ungrateful brats. How can I set things up to give my money to charity when I die?
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What wrong with the Presley estate?

What Is the HEMS Standard?

Posted on: February 8, 2022 | By: David Parker, Esq.
The ‘HEMS’ (health, education, maintenance, support) standard in estate planning is used to guide trustees in how/when they should release funds to a beneficiary.
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Can a BDIT save you on taxes?

What’s the Difference between Probate Assets and Non-Probate Assets?

Posted on: February 7, 2022 | By: David Parker, Esq.
Non-probate assets are those assets which do not go into an estate when the owner dies.
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HIPAA rules

What are the Added Benefits in the New Medicare Advantage Plans?

Posted on: February 6, 2022 | By: David Parker, Esq.
Medicare Advantage health insurance plans for 2022 offer seniors more options than ever.
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A pet trust can care for your pets after your death

Can a Trust Be Created to Protect a Pet?

Posted on: February 5, 2022 | By: David Parker, Esq.
Based on a recent survey by the American Pet Products Association, as of 2020, 70% of households in the U.S. have pets—about 90.5 million households.
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New RMD rules

What Happens to IRAs and 401(k) when Spouse Dies?

Posted on: February 4, 2022 | By: David Parker, Esq.
The rise in the stock market over the past several years, teamed with the passage of the SECURE Act two years ago and the scheduled 50% reduction in the size of the federal estate tax exemption four years from now, has resulted in a renewed interest in estate planning for IRA and 401k accounts owned by married couples.
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The Most Common Myths about COVID Vaccine

Will Moving to a New State Impact My Estate Planning?

Posted on: February 3, 2022 | By: David Parker, Esq.
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.
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Big COLA increase in 2023

What’s the First Step in an Estate Plan?

Posted on: February 2, 2022 | By: David Parker, Esq.
For young professionals finding their way in the world and just beginning the journey of building wealth, death can seem like a far-off abstraction. However, the cold reality is that no one ever knows what’s around the corner — health problems and freak accidents can happen at virtually any time.
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