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Estate Planning and Elder Law Blog

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How Probate Court works.

What Is Probate Court?

Posted on: March 9, 2023 | By: David Parker, Esq.
Probate court ensures that a will is executed according to the wishes of the individual who has passed away.
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Co-op and transferring to the kids

Can a Power of Attorney Withdraw Money from Bank Account?

Posted on: March 8, 2023 | By: David Parker, Esq.
The first step in understanding whether a power of attorney can transfer money to themselves is to understand the different types of power of attorney.
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What Should Seniors Know before Remarrying?

Posted on: March 7, 2023 | By: David Parker, Esq.
As the calendar turned to 2023, many of us took a moment to think about resolutions. I want to lose 10 pounds. I want to read things that aren’t just about work. I want to learn how to play pickleball. Or maybe this year I’ll give a relationship another shot. Maybe I’ll even remarry.
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Calculating Required Minimum Distribution

What are Required Minimum Distribution Rules for 2023?

Posted on: March 6, 2023 | By: David Parker, Esq.
The SECURE 2.0 Act, which was signed into law in December 2022, changes the RMD rules for retirement savers beginning in 2023.
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Work on your Estate Plan

What are the Causes and Risk Factors of Parkinson's Disease?

Posted on: March 3, 2023 | By: David Parker, Esq.
There are several known causes of Parkinson's disease (PD). This condition is associated with decreased amounts of dopamine in a small area of the brain called the substantia nigra and in its projections to the basal ganglia (deep nuclei inside the brain).
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Annuity Beneficiaries

What Should I Know About Annuity Beneficiaries?

Posted on: March 2, 2023 | By: David Parker, Esq.
An annuity beneficiary is a person or entity that receives the benefit of an annuity after the death of the annuity owner. Who you choose to be the beneficiary of your annuity depends on several factors, including the type of annuity you own and your financial goals for it.
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What wrong with the Presley estate?

Why Is Lisa Marie Presley's Mom Fighting Her Daughter’s Estate Plan?

Posted on: March 1, 2023 | By: David Parker, Esq.
Priscilla Presley has filed legal documents disputing who oversees the estate of her late daughter Lisa Marie Presley.
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How does Portability work?

What Is Portability and When Should I Make a Portability Election?

Posted on: February 28, 2023 | By: David Parker, Esq.
A common financial mistake married farm couples make occurs when the first spouse dies, and the surviving spouse fails to ‘elect portability.’
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Calculating Required Minimum Distribution

Do I Need a Life Insurance Trust?

Posted on: February 27, 2023 | By: David Parker, Esq.
Created to own and control a life insurance policy or policies while the insured is alive, Irrevocable Life Insurance Trusts (ILITs) are tools that are sometimes recommended by estate and planners.
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CDPAP will pay you to take care of Mom.

Getting the Government to Pay for you to care for Mom

Posted on: February 26, 2023 | By: David Parker, Esq.
Mom needs assistance and you are always there to help. Wouldn't it be great if you could get the government to pay you an hourly rate for what you are doing already? In New York State, the Consumer Directed Personal Assistance Program (CDPAP) provides a unique approach to personal care that allows consumers to choose […]
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