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Estate Planning and Elder Law Blog

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Why a corporate trustee ?

Should I Use a Corporate Trustee?

Posted on: January 19, 2022 | By: David Parker, Esq.
Revocable Living Trusts have become a widely used estate planning document, providing a path to managing assets, avoiding probate and gaining privacy at the settlement of an estate.
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An invalid trust and gift tax

Gift Tax - What Happens If a Trust Is Invalid?

Posted on: January 18, 2022 | By: David Parker, Esq.
This case should be required reading for any person who has an interest in an entity or a trust.
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How Probate Court works.

Is Prince’s Estate Settled Yet?

Posted on: January 17, 2022 | By: David Parker, Esq.
The administrators of the late musician's estate recently settled a complicated dispute with the Internal Revenue Service over the value of Prince's assets. The precise value was undisclosed, however, although it could exceed $100 million.
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In-Home Aide is a life saver

Do Dental Problems Mean Cognitive Impairment?

Posted on: January 14, 2022 | By: David Parker, Esq.
The risk of cognitive impairment can jump by 48% for people with this dental problem.
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Bruce Springsteen sold his music catalog

Bruce Springsteen - Why Did ‘The Boss’ Sell His Music Catalog?

Posted on: January 13, 2022 | By: David Parker, Esq.
Last week, Bruce Springsteen made headlines for selling his entire music catalog to Sony Music Entertainment in a reportedly $500+ million deal. A number of fans are now asking, “Why did Bruce Springsteen sell his music rights?
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What wrong with the Presley estate?

James Brown Estate Battle Resolved … Almost, but Not Quite

Posted on: January 12, 2022 | By: David Parker, Esq.
For more than a decade, Brown’s heirs and estate administrators, including Mr. Bauknight and Adele Pope, a former executor, have battled in court over the value of his estate.
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Is there a step-up-in-basis for real estate?

Step-up-in-basis - Is It Better to Inherit Stock or Cash?

Posted on: January 11, 2022 | By: David Parker, Esq.
If you’re planning to leave your heirs any sort of inheritance, you’re already giving them a valuable financial leg up.
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Co-op and transferring to the kids

Can You Remove Someone from a Life Estate ?

Posted on: January 10, 2022 | By: David Parker, Esq.
Life estates can provide effective means to create joint ownership of property, avoid probate and transfer property after death without incurring gift taxes.
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Work on your Estate Plan

Should I Get a Medical Alert System?

Posted on: January 7, 2022 | By: David Parker, Esq.
The medical alert system allows access to medical help for senior citizens in case of any life-threatening medical emergency. It is also suitable for people living with a disability or life-threatening condition.
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Can a BDIT save you on taxes?

Can I Use a Roth IRA in Estate Planning?

Posted on: January 6, 2022 | By: David Parker, Esq.
Roth IRAs and Roth IRA conversions have received a lot of press recently. Between the various tax proposals that have been floating around Congress and normal year-end tax planning strategies, Roth IRAs are a popular topic.
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