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Estate Planning and Elder Law Blog

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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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Cameras in assited living facilities

What Does Ohio Say about Cameras in Care Assisted Living Facilities?

Posted on: January 28, 2022 | By: David Parker, Esq.
The new year brings new laws to Ohio but one directly affects tens of thousands of people living in assisted living facilities.
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Estate Planning and Digital Assets

Sucession Planning - How Should I Plan to Sell My Business?

Posted on: January 27, 2022 | By: David Parker, Esq.
According to the Exit Planning Institute of Ohio, recent studies show that over 60% of the current U.S. business market is owned by baby boomers (those born between 1946 and 1964), who are ready to exit or transition their business over the next 10 years.
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What doesn't Medicare cover.

What are Best Assets to Inherit?

Posted on: January 26, 2022 | By: David Parker, Esq.
If you really want to help your heirs out, these are some of the best assets to leave them.
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Can a BDIT save you on taxes?

What are the Negatives of Investing in Cryptocurrency?

Posted on: January 25, 2022 | By: David Parker, Esq.
What happens when all of a corpse's money is in his cold wallet?
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trust administration

What Is Considered an Asset in an Estate?

Posted on: January 24, 2022 | By: David Parker, Esq.
This is an important question to ask, because the answer could tell you whether you need to worry about estate taxes, beneficiary issues or probate concerns.
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Where is your Health Care Power of Attorney ?

How Do I Hire a Caregiver from an Agency?

Posted on: January 21, 2022 | By: David Parker, Esq.
Once you have a list of promising agencies, arrange a consultation. AARP has a checklist of important questions to ask before signing a home health contract.
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Work on your Estate Plan

Has Pandemic Caused More Elder Abuse ?

Posted on: January 20, 2022 | By: David Parker, Esq.
The pandemic’s impact on older adults went far beyond Covid-19 infections. It also made them more vulnerable to abuse.
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