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Estate Planning and Elder Law Blog

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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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Assistance for caregivers

Caregiving - How Do I Handle Mom’s Healthcare Needs as She Ages?

Posted on: December 17, 2021 | By: David Parker, Esq.
If you're a caregiver for a loved one, you have a lot on your plate. However, one of the most difficult tasks — especially if they have any health conditions — may be figuring out how best to communicate with their medical team.
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New IRS portability rules

Beneficiary - What If Their Dad Dies before Me?

Posted on: December 16, 2021 | By: David Parker, Esq.
What if parents have wills and their contingent beneficiaries are their two adult children. If one of the adult children dies before the parents, who gets that contingent beneficiary’s share?
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Open enrollment mistakes

Digital Assets - How Do I Prepare a Digital Estate Plan?

Posted on: December 15, 2021 | By: David Parker, Esq.
However, in a world where more and more of our personal information is stored online, it's also imperative to make a digital estate plan, so your loved ones can access your digital property.
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Does a trust provide asset protection ?

Asset Protection - Does a Trust Protect You From a Lawsuit?

Posted on: December 14, 2021 | By: David Parker, Esq.
Trusts can provide certain benefits for estate planning, including asset protection. But can you sue a trust?
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How does Portability work?

Can You Refuse an Inheritance?

Posted on: December 13, 2021 | By: David Parker, Esq.
What happens if you are named an heir in an estate but you don’t want it? Does it go the person’s children if you reject the inheritance?
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Long-Term Care Insurance?

What’s the 2022 Price Increase on Medicare ?

Posted on: December 10, 2021 | By: David Parker, Esq.
Premiums and deductibles for s individuals with this traditional Medicare health insurance coverage are jumping for the new year, the federal government announced Nov. 12.
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What doesn't Medicare cover.

Probate - How Does a Will Work after Death?

Posted on: December 9, 2021 | By: David Parker, Esq.
Every estate plan should include three essential documents: a durable general power of attorney, a healthcare power of attorney and a last will and testament. Of the three essential estate planning documents, the will is the only document that is used after death.
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