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Where is your Health Care Power of Attorney ?

Powers of Attorney and Advance Directives

Posted on: July 27, 2021 | By: David Parker, Esq.
Some people think that, because their assets are jointly owned with a spouse or are in a trust, they do not need a Power of Attorney, or that if they become incapacitated, their spouse automatically has the authority to make medical decisions on their behalf.
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5 biggest mistakes for beneficiaries

Aging Parents and Blended Families Create Estate Planning Challenges

Posted on: July 26, 2021 | By: David Parker, Esq.
We have seen some step siblings able to all get along fine but they seem to be the exception. More likely, one sibling feels divided loyalty to the birth parent, not the step-parent.
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Co-op and transferring to the kids

What Happens to My Home If I Go to a Nursing Home ?

Posted on: July 23, 2021 | By: David Parker, Esq.
My house is in my name and my son’s name. What happens if I need to go into a nursing home?
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Work on your Estate Plan

Do Most Cases Of Dementia Go Undiagnosed?

Posted on: July 22, 2021 | By: David Parker, Esq.
Most Americans with dementia are undiagnosed, which shows how important it is to screen and assess seniors for the disease, researchers say.
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New RMD rules

A Living Trust as the Beneficiary of IRA?

Posted on: July 21, 2021 | By: David Parker, Esq.
It’s generally a bad idea to name a trust as beneficiary of your IRA. The IRA usually loses the power of tax deferral, because it must be distributed faster than in other scenarios.
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New IRS portability rules

What are the 411 on 529 College Savings Plans?

Posted on: July 20, 2021 | By: David Parker, Esq.
College savings accounts, known as the 529 Plan, can be confusing. Parents know that they have tax incentives. However, what exactly are those benefits? Which investment options make the most sense? Which costs are covered, and which aren’t? Many parents don’t care if they have so many questions. Here are answers to frequently asked questions about the 529 plan to help get rid of some of the fog.
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Estate Planning and Digital Assets

Britney Spears - What Is the Process of Conservatorship?

Posted on: July 19, 2021 | By: David Parker, Esq.
A conservatorship, also known as a guardianship, is a legal mechanism set up for people who are unable to manage their affairs.
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Taxing Social Security

Will Democrats Pass Medicare Expansion ?

Posted on: July 16, 2021 | By: David Parker, Esq.
Senate Democrats are exploring a sweeping $6 trillion budget reconciliation bill that would include a major expansion of Medicare, a long-time priority of progressive lawmakers.
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HIPAA rules

Medicare Surprises Do Exist

Posted on: July 15, 2021 | By: David Parker, Esq.
For some Medicare beneficiaries, health-care coverage ends up costing more than it does for most of their peers — and it’s not by choice.
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NFT's and estate planning

How Do I Cancel a Loved One’s Driver’s License?

Posted on: July 14, 2021 | By: David Parker, Esq.
Losing a loved one can be difficult and overwhelming. The emotional toll is steep, and several time-consuming details need to be addressed. Even if the loved one left a detailed plan, it is not uncommon to miss a few things that must be handled.
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