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Estate Planning and Elder Law Blog

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What Should I Know about Medicaid and VA Pensions ?

Posted on: July 30, 2021 | By: David Parker, Esq.
Planning for long-term care can be an intimidating process, especially when it comes to decoding the specifics of resources, like Medicaid and Veterans Pensions. Working with the help of an experienced elder law planning attorney allows people to prepare for the future and save time, money and stress.
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The Living Trust

Dental, Vision and Hearing Benefits Covered by Medicare?

Posted on: July 29, 2021 | By: David Parker, Esq.
Many working-age people assume that Medicare covers just about every kind of health care that an older person may need.
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How to provide asset protection

What’s the Latest on Country Star Charley Pride ’s Estate?

Posted on: July 28, 2021 | By: David Parker, Esq.
There’s a battle brewing over the estate of Grammy-winning country star Charley Pride, fueled by a son few knew existed.
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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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