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Estate Planning and Elder Law Blog

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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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Unmarried Couples and estate planning

What Does SLAT Mean in Estate Planning?

Posted on: June 1, 2021 | By: David Parker, Esq.
These spousal trusts are garnering attention as estate and gift tax exemptions are poised for overhaul.
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How does Portability work?

Michael Jackson Estate’s Big Win against IRS in Tax Court

Posted on: May 31, 2021 | By: David Parker, Esq.
A ruling that Michael Jackson’s image and likeness at the time of his death were worth about $157 million less than the IRS estimated warns the agency not to look too far down the road, when assessing the value of a celebrity’s estate.
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What doesn't Medicare cover.

Seven Items Medicare Doesn’t Cover

Posted on: May 28, 2021 | By: David Parker, Esq.
Medicare covers the majority of older Americans’ health care needs — from hospital care and doctor visits to lab tests and prescription drugs.
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What happened to Pat Bowlen 's estate?

Personal Property - How to Prevent Fighting over Baseball Cards?

Posted on: May 27, 2021 | By: David Parker, Esq.
When it comes to estate planning and deciding who gets what, most people concern themselves, understandably, with big-ticket items: investment accounts, real estate, business interests, etc. In doing so, it’s easy to overlook personal possessions, the seemingly mundane items that are part of daily life.
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Did Pop Entertainer Pink Change Estate Plan because of COVID-19?

Posted on: May 26, 2021 | By: David Parker, Esq.
Pink's COVID-19 battle left her fearing for her life. During a conversation on Mark Wright's Heart radio show, the 41-year-old singer revealed that she went so far as to rewrite her will, when she was ill last year.
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Elder Abuse continues.

How to Protect Loved Ones from Elder Abuse

Posted on: May 25, 2021 | By: David Parker, Esq.
The pandemic has kept our aging parents away from us and us away from them for over a year. This isolation is not total. Some people have access, some ignore warnings and some are intent on using the pandemic to hide their actions.
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Big COLA increase in 2023

What Is the Main Purpose of a Irrevocable Trust?

Posted on: May 24, 2021 | By: David Parker, Esq.
Before you decide to put your home in an irrevocable trust, it is important to have a basic understanding of what you are doing and why.
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