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Estate Planning and Elder Law Blog

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Estate Planning is one part of Elder Law

Handling Guilt When Moving Loved One to Assisted Living Versus Nursing Home

Posted on: December 3, 2021 | By: David Parker, Esq.
The majority of older adults (79%) responding to Genworth’s Caregiving in COVID-19 Beyond Dollars Study 2021 said they preferred to receive care in their homes, but only 42% actually received assistance at home.
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Big COLA increase in 2023

Do College Kids Need Estate Planning?

Posted on: December 2, 2021 | By: David Parker, Esq.
As a legal adult after attaining the age of 18, your child should have in place several legal documents that will allow you to provide support and obtain information, if something unexpected happens to your child.
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What wrong with the Presley estate?

Estate Plan - Does Anyone Know Where Your Money Is?

Posted on: December 1, 2021 | By: David Parker, Esq.
Even those who have saved and invested well may not be sharing their financial information with a spouse or loved one. It’s time to do that now.
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Calculating Required Minimum Distribution

Do Gift Taxes Count Toward Estate Taxes?

Posted on: November 30, 2021 | By: David Parker, Esq.
A recipient of a gift does not pay income taxes on the gift. However, the gift-giver may pay gift taxes, unless one of two exemptions applies.
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Congress has a new long-term care insurance bill

Can Cryptocurrency Be Inherited?

Posted on: November 29, 2021 | By: David Parker, Esq.
If you’re merely dipping your toe in cryptocurrency, it can be hard to imagine your crypto as something worth talking to an estate attorney about. But that $100 in fun money could grow to a significant percentage of your total investments, sometimes overnight.
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An elder law attorney can help with paying for a nursing home

Why Did Medicare Drop End-Stage Renal Disease Payment Rule?

Posted on: November 26, 2021 | By: David Parker, Esq.
The Biden administration dropped a final rule Friday that will reward providers that improve rates of home dialysis and kidney transplants among low-income Medicare and dual-eligible beneficiaries.
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Black Americans need planning

Should I Write My Own Will or Use An Estate Planning Lawyer ?

Posted on: November 25, 2021 | By: David Parker, Esq.
An online form or a DIY will kit may be a more cost-effective option. However, hiring a lawyer could save you money in the future.
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What doesn't Medicare cover.

What Can We Learn from Painter Bob Ross ’ Business Succession and Estate Planning?

Posted on: November 24, 2021 | By: David Parker, Esq.
The new, buzzy Netflix documentary on the late, beloved, iconic public broadcasting TV host, painter Bob Ross—“Bob Ross: Happy Accidents, Betrayal and Greed”—documents how the artist’s son, Steve, now 55, was allegedly robbed of his late father’s inheritance by the artist’s business partners.
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Co-op and transferring to the kids

Who Pays Mortgage When I Pass Away?

Posted on: November 23, 2021 | By: David Parker, Esq.
One important aspect of estate planning is deciding what will happen to your home after you die. The answer might be fairly cut and dry if the home is fully paid for. If it’s not, though, you’ll need to consider the financial ramifications for your estate and for the person who inherits the home.
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Taxes for a surviving spouse

How Do You File Taxes If Your Spouse Dies?

Posted on: November 22, 2021 | By: David Parker, Esq.
About 1.5 million Americans become widows and widowers in a normal year, but the pandemic has boosted that significantly. The National Center for Family and Marriage Research at Bowling Green State University estimates that about 380,000 of more than 700,000 people in the U.S. who have died from Covid were married.
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