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Estate Planning and Elder Law Blog

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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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Estate Planning is one part of Elder Law

Alexa, How Can You Help Seniors

Posted on: November 19, 2021 | By: David Parker, Esq.
Amazon has two new programs that integrate Alexa into hospitals and senior living communities, the company announced today.
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Social Security and In VItro

What If Account has No Named Beneficiary ?

Posted on: November 18, 2021 | By: David Parker, Esq.
My wife died and left a bank account with no beneficiary. The bank tells me I have to go through probate. I inherited everything else. What do I have to do?
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What wrong with the Presley estate?

Don’t Follow Aretha Franklin : Think about Estate Planning

Posted on: November 17, 2021 | By: David Parker, Esq.
Estate planning is perhaps the area of tax practice where one must consider the whole.
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How does Portability work?

Exemptions Before They’re Gone—Estate Planning Strategies

Posted on: November 16, 2021 | By: David Parker, Esq.
If you have not already been inundated with invitations to webinars, articles and newsletters regarding the estate planning you should consider doing before new legislation passes, you undoubtedly will receive these over the next few months.
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Can your love ones be disinherited ?

How Do I Align Retirement Planning with Planning for a Special Needs Child?

Posted on: November 15, 2021 | By: David Parker, Esq.
As parents of children with special needs age, they should revisit the decisions they made—sometimes many years ago—regarding guardianship, beneficiarie, and other aspects of their child’s care.
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Work on your Estate Plan

What are Some Sure Signs of Dementia?

Posted on: November 12, 2021 | By: David Parker, Esq.
It can be scary, to not trust your own mind. That is the betrayal sufferers of dementia feel every day—and there are many of them. "Of those at least 65 years of age, there" are "projected to be nearly 14 million by 2060," says the CDC.
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Famous People and their Estate Planning Mistakes

Some of Most Famous (or Infamous) Estate Planning Mistakes

Posted on: November 11, 2021 | By: David Parker, Esq.
If you do not learn from your mistakes, you are doomed to repeat them. In Estate Planning, if you do not learn from other’s mistakes, you are likely to repeat them.
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