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Estate Planning and Elder Law Blog

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Is there a step-up-in-basis for real estate?

Step-Up in Basis - Short-Cuts to Estate Planning can Lead to Costly Consequences

Posted on: June 15, 2021 | By: David Parker, Esq.
Over the years I get all kinds of questions from people. And boy, have I heard some doozies. But one common one I get is called the ‘lazy (or poor) man's (or woman's’) estate planning.’ This type of estate planning has some very negative tax consequences.
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Choose your fiduciary wisely.

When Should an Estate Plan Be Reviewed?

Posted on: June 14, 2021 | By: David Parker, Esq.
The documents may still be valid but if they are stale or outdated, you may spend significant money trying to use them down the road.
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An elder law attorney can help with paying for a nursing home

Some Surgeries are Especially Risky for Seniors

Posted on: June 11, 2021 | By: David Parker, Esq.
Knowing if a surgery is high-risk can help you make an informed decision about the procedure.
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Controlling Heirs from Beyond

New Rules for Burial at Arlington National Cemetery

Posted on: June 10, 2021 | By: David Parker, Esq.
Army officials expect to unveil their final rule changes for burial eligibility at Arlington National Cemetery sometime this fall, after they finish sorting through significant public feedback on plans to restrict which veterans can choose the site as their final resting place.
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Keep your estate plan organized

Did Bill Gates and Wife Sign Pre-Nup?

Posted on: June 9, 2021 | By: David Parker, Esq.
Amid news of Bill and Melinda Gates' pending divorce, TMZ recently revealed that the philanthropic couple never signed a prenuptial agreement.
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Is there a step-up-in-basis for real estate?

Can a Daughter Help Parents by Paying the Mortgage ?

Posted on: June 8, 2021 | By: David Parker, Esq.
I am one of three daughters who will inherit our home when our parents pass away. They have a mortgage on the home and some credit card debt. Would it be wise for us to purchase their home before their death, so their mortgage debt is paid off?
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What doesn't Medicare cover.

Do You Have to Do Probate when Someone Dies?

Posted on: June 7, 2021 | By: David Parker, Esq.
For most of us, the first time we ever thought about probating a will is when someone in our family has died. So, what does it mean to probate a will?
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5 biggest mistakes for beneficiaries

Do Stepchildren Inherit?

Posted on: June 4, 2021 | By: David Parker, Esq.
My spouse passed. I have stepchildren who want a percentage of the profits from selling our house. What are they legally entitled to with no will?
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What doesn't Medicare cover.

Can My Family Fight the Gift of My Estate to Caregiver ?

Posted on: June 3, 2021 | By: David Parker, Esq.
Are there any grounds that my adult children, siblings or ex-wife can contest my living will or the power of attorney that I have signed into effect for my caregiver?
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Your kids can help as co-trustee

Why Is Billionaire Estee Lauder Heir Kicking Baby Mama Out of Mansion

Posted on: June 2, 2021 | By: David Parker, Esq.
Billionaire Estee Lauder heir William Lauder wants his baby mama evicted from the $7 million mansion he gave her in the Bel Air neighborhood of Los Angeles.
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