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Estate Planning and Elder Law Blog

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Long-Term Care Insurance?

What Should I Know about a Do-Not-Resuscitate Order or DNR?

Posted on: October 22, 2021 | By: David Parker, Esq.
If you are admitted to a hospital for even minor procedures, there is a good chance you will be asked to read and consider signing a do-not-resuscitate order.
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A family meeting to discuss planning

How Can I Conduct a Family Meeting about Family Wealth Planning?

Posted on: October 21, 2021 | By: David Parker, Esq.
When there is a large inheritance at stake (or even when there isn’t), it is a great idea to get everyone on the same page. A family meeting can make that happen, and it can even be enjoyable.
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CDPAP will pay you to take care of Mom.

How are Alzheimer’s Disease and Dementia Different?

Posted on: October 20, 2021 | By: David Parker, Esq.
A better understanding of dementia will help you (or a loved one) get the right diagnosis and treatment.
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What doesn't Medicare cover.

Is My Will Void If I Get Divorced?

Posted on: October 19, 2021 | By: David Parker, Esq.
Major changes in your life—such as marriage, having a baby, moving out of state, or divorce—should prompt a revisit to your current will. It is important to revise your will at these times, in order to ensure your estate planning is up to date.
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Can a BDIT save you on taxes?

What Items Should Not Be Stored in a Safe Deposit Box ?

Posted on: October 18, 2021 | By: David Parker, Esq.
Locking up certain important documents and valuables in a bank vault could turn into a headache for you or your heirs.
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Where is your Health Care Power of Attorney ?

What Is a Silent Heart Attack and What are the Warning Signs?

Posted on: October 15, 2021 | By: David Parker, Esq.
Despite its depiction in the movies, a heart attack doesn't always produce pain or pressure so intense it causes a person to clutch their chest and collapse to the floor. Most people who have a heart attack experience a much less dramatic version. Some have no symptoms at all — or symptoms that are so subtle they're mistaken for something else entirely.
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How Did Hayley Mills Lose Her Fortune?

Posted on: October 14, 2021 | By: David Parker, Esq.
Hayley Mills became famous in the 1960s, starring in wholesome juvenile comedies like The Parent Trap (1961) and That Darn Cat! (1965.) However, in a new memoir, Mills reveals that she earned a fortune on Disney movies — and then lost it virtually overnight.
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Calculating Required Minimum Distribution

Gift-Tax Exemptions are Treated Differently by IRS and Medicaid

Posted on: October 13, 2021 | By: David Parker, Esq.
Most people have heard that each individual is allowed to gift $15,000 per year to another person without paying a gift tax. However, exactly what the gift tax is, and the consequences of going beyond $15,000, are less clear.
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New RMD rules

What Is the Best Thing to Do with an Inherited IRA ?

Posted on: October 12, 2021 | By: David Parker, Esq.
Inheriting an IRA from a parent has a unique set of rules you need to know, which will help you make the most of the money you inherit and avoid a tax-time surprise.
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Estate Planning and Digital Assets

What are Digital Assets in an Estate?

Posted on: October 11, 2021 | By: David Parker, Esq.
Today, so many aspects of our lives are managed virtually. We keep currency, photos, music, documents, bills, medical records, artwork and even our social lives online or ‘in the cloud.’
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