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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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Maureen McGovern and her illness

Mistake #1: Procrastinating or Thinking that You Are too Young to Need a Plan

Posted on: May 22, 2021 | By: David Parker, Esq.
Does this sound like something you might say? I'm too young to worry about protecting my property. I don't have enough to protect. Maybe I'll take care of planning when I have more time to focus on it. Many people make the #1 mistake procrastinating when it comes to planning for their loved ones or […]
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Estate Planning and Digital Assets

Are Death Settlements Subject to Medicaid Liens?

Posted on: May 21, 2021 | By: David Parker, Esq.
Can Medicaid take a settlement from family members of a deceased 28-year-old in New Jersey who was quadriplegic and in a nursing home for a portion of his disabled years?
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What does the surviving spouse get?

Will We Soon have Medicare at Age 50?

Posted on: May 20, 2021 | By: David Parker, Esq.
In addition to reintroducing the Medicare at 50 Act, Senator Gillibrand and her colleagues also called on the Biden administration to expand and improve the Medicare program as part of the American Families Plan.
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