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Estate Planning and Elder Law Blog

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A Special Needs Trust can protect your child.

How Can I Pass Wealth to Heirs like My Children and Grandchildren?

Posted on: November 10, 2021 | By: David Parker, Esq.
Inherited assets come with benefits, along with some burdens
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Communication in estate planning

Do You Need a Revocable or Irrevocable Trust?

Posted on: November 9, 2021 | By: David Parker, Esq.
On the surface, the difference between revocable and irrevocable trusts couldn’t be any more straightforward. You can change your revocable trust whenever and however you choose. You can’t change your irrevocable trust at all.
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Talk to your parents about their estate plan

Talk to Parents about Estate Planning without Making It Awkward

Posted on: November 8, 2021 | By: David Parker, Esq.
Discussing estate planning with your parents is a conversation that can be difficult to have. You might not want to think about the day they are no longer here, or even consider that they might experience a decline in health that severely limits their ability to think clearly or communicate with you.
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Use an experienced Elder Law Attorney

What Does an Elder Law Attorney Do?

Posted on: November 5, 2021 | By: David Parker, Esq.
Elder law attorneys can help with a long list of legal matters that seniors often face…
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How Does Influenza become Life-Threatening and What Can I Do to Protect Myself?

Posted on: November 4, 2021 | By: David Parker, Esq.
Influenza itself can be deadly in vulnerable patients due to difficulties in breathing and dehydration. However, complications like pneumonia are the real killers.
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What doesn't Medicare cover.

What is the Difference between a Trust and a Will?

Posted on: November 3, 2021 | By: David Parker, Esq.
No one relishes the thought of the day they pass away and leave all their worldly possessions behind. However, it’s a certainty that no one can avoid. Thankfully, you have options for planning for what happens to your estate, including a will or a family trust.
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Geriatricians are specialist in elder care

Estate Planning - Why Do Families Fail when Transferring Wealth?

Posted on: November 2, 2021 | By: David Parker, Esq.
Over the next 25 years, analysts anticipate $68 trillion to be passed down to younger generations and charities. While the importance of legacy planning is not limited to the forthcoming Great Wealth Transfer, it does spotlight the significant amount of wealth that has been created, primarily by Baby Boomers, and the need to transition these assets thoughtfully.
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What is a POD account ?

Joint Account - Can I Give My Child Access to My Bank Account?

Posted on: November 1, 2021 | By: David Parker, Esq.
Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
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Can a BDIT save you on taxes?

Will Inflation Ruin My Retirement?

Posted on: October 29, 2021 | By: David Parker, Esq.
As America’s economy reopens, we’re seeing higher inflation rates. This unwelcome surge should prompt retirees to consider the threat it could pose to their financial security.
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Black Americans need planning

How Is a Notary Used in Estate Planning?

Posted on: October 28, 2021 | By: David Parker, Esq.
Individuals buying a home, adopting a child, completing estate planning documents, such as wills and advanced health care directives, or completing any number of legal procedures may find themselves in need of a notary.
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