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Estate Planning and Elder Law Blog

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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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What Happened to Phil Spector

What Happens to a Health Savings Account when Owner Dies?

Posted on: January 5, 2022 | By: David Parker, Esq.
Do you know what happens to your HSA after you die? Health savings accounts, called HSAs for short, function differently than most other kinds of accounts.
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A blended family must have better planning

How Do You Split an Estate in a Blended Family?

Posted on: January 4, 2022 | By: David Parker, Esq.
Good estate planning must consider more than what you want to happen to your property and for your beneficiaries. It also must consider what you intentionally want to avoid happening.
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Don't fight over an inheritance

Why Naming Beneficiaries Is Important to Your Estate Plan

Posted on: January 3, 2022 | By: David Parker, Esq.
If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries.
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