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Estate Planning and Elder Law Blog

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What to know about blood clots

What are the Major Signs of Blood Clots?

Posted on: December 31, 2021 | By: David Parker, Esq.
You’ve heard that advice to get up and walk around on the airplane? It’s probably time to start heeding it. Your risk of deep vein thrombosis (DVT) — a dangerous condition in which blood clots form when they’re not needed — increases exponentially with age.
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How a Miller Trust qualifies you for Medicaid

Miller Trust - Can I Restructure Assets to Qualify for Medicaid?

Posted on: December 30, 2021 | By: David Parker, Esq.
Several types of special income trusts and other strategies can be helpful, when trying to protect your family’s assets from the devastating costs of long-term care.
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What is a POD account ?

TOD and POD Accounts: What’s the Difference?

Posted on: December 29, 2021 | By: David Parker, Esq.
A TOD account allows the account holder to name a beneficiary on a non-retirement financial account to receive assets at the time of the account holder’s death, thereby (generally – i.e., when used correctly) avoiding probate.
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What doesn't Medicare cover.

Prince Philip’s Will: Are Royals Different than Regular People?

Posted on: December 28, 2021 | By: David Parker, Esq.
Should the Royal family be an exception to the normal laws governing probate?
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New IRS portability rules

What is the Purpose of an ILIT?

Posted on: December 27, 2021 | By: David Parker, Esq.
Life insurance is a sophisticated financial product, with as many variations and permutations as there are creative insurance companies (there are many) and creative insurance planners (there are even more).
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Maureen McGovern and her illness

Debt Collection - Do I Have to Pay Off Husband’s Debts after He Dies?

Posted on: December 24, 2021 | By: David Parker, Esq.
Losing your spouse is a painful, confusing time, but add to that repeated calls from an aggressive debt collector and a bad situation suddenly can get even worse.
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Taxing Social Security

Will My Social Security Benefits Be Taxed?

Posted on: December 23, 2021 | By: David Parker, Esq.
Uncle Sam is not the only one looking for a piece of your retirement income. Is your state on this list?
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Big COLA increase in 2023

Do Young Adults Need Estate Planning?

Posted on: December 22, 2021 | By: David Parker, Esq.
Highfalutin terms like “estate planning” can put off younger adults and conjure grandiose notions of excessive wealth.
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Unmarried Couples and estate planning

When Should Your Review Your Estate Plan?

Posted on: December 21, 2021 | By: David Parker, Esq.
Many people are under the impression that since they have a trust, they don’t need to do anything else. That’s not true. The trust you created years ago may not be appropriate for you now.
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What if co-executor s don't get along

Who Should I Name as Successor Trustee?

Posted on: December 20, 2021 | By: David Parker, Esq.
You created your revocable living trust to hold your assets. You did so because of the probate avoidance and other benefits. You may have included sophisticated tax-planning provisions in your trust.
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