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Estate Planning and Elder Law Blog

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Co-op and transferring to the kids

Should I Consider a Reverse Mortgage ?

Posted on: July 2, 2021 | By: David Parker, Esq.
Reverse mortgages continue to be one of the most misunderstood retirement and long-term planning tools. Many myths surround the reverse mortgage program.
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Talk to your parents about their estate plan

Does a Prenup Make Sense?

Posted on: July 1, 2021 | By: David Parker, Esq.
As you prepare for your wedding, have open conversations with your soon-to-be spouse about your financial goals.
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What about a second beneficiary ?

Estate Planning Matters for Single People

Posted on: June 30, 2021 | By: David Parker, Esq.
If you don’t have a spouse and children, you might not think you need to do any estate planning—but that’s not the case.
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Choose your fiduciary wisely.

What Is a Fiduciary and Why Is It Important?

Posted on: June 29, 2021 | By: David Parker, Esq.
One of the most important decisions you will ever make is choosing a fiduciary.
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Planning for an Unmarried Partner

What Happens If an Unmarried Partner Dies?

Posted on: June 28, 2021 | By: David Parker, Esq.
A proper estate plan will help those left navigate the disposition of assets and the probate court system, especially for unmarried couples and some married same-sex couples.
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Can I get less in Social Security ?

What Is Elder Law ?

Posted on: June 25, 2021 | By: David Parker, Esq.
Elder Law is made up of three major categories, which can be broken down further into deeper topics.
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Long-Distance Caregiver faces challenges

How Can I Be Better Long-Distance Caregiver for Dad?

Posted on: June 24, 2021 | By: David Parker, Esq.
Long pandemic lockdowns forced many older adults to become comfortable with video calls to stay connected with family. That, in turn, means that long-distance caregivers have a better way to see how their loved ones are faring.
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Retirement Plans for the over 50 crowd

What are Retirement Biggest Blunders Folks make after 50?

Posted on: June 23, 2021 | By: David Parker, Esq.
Reaching age 50 is a milestone that most of us celebrate. Still, after you’ve blown out the candles and bid farewell to your guests, you may have a headache from too much champagne, but otherwise feel the same as before.
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Is there a step-up-in-basis for real estate?

Do Unrecorded Deeds Help or Hurt Estate Planning?

Posted on: June 22, 2021 | By: David Parker, Esq.
While discussing estate planning with my parents, they told me that an attorney prepared a deed for them but told them not to record it yet.
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New IRS portability rules

Are 529 Plans Part of Your Estate?

Posted on: June 21, 2021 | By: David Parker, Esq.
People tend to think of ‘529’ education-savings plans as an excellent way to save and invest tax-free for college or schooling costs, and they are.
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