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Estate Planning and Elder Law Blog

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New RMD rules

Retirement Accounts - What is not Covered by a Will?

Posted on: May 11, 2021 | By: David Parker, Esq.
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
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What doesn't Medicare cover.

Does Executor have to Be a Family Member?

Posted on: May 10, 2021 | By: David Parker, Esq.
What happens if you don’t have any family to be personal representative? Other than a family member, who can be personal representative?
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New IRS portability rules

Can I Get a Tax Break for Long-Term Care ?

Posted on: April 30, 2021 | By: David Parker, Esq.
The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
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When shopping for funeral services, be wary.

How can I Revoke an Irrevocable Trust ?

Posted on: April 29, 2021 | By: David Parker, Esq.
I feel I was taken advantage of to the tune of $3,500, when I set up a trust.
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How Probate Court works.

Why Is Dr. Oz Suing Sister over Inheritance?

Posted on: April 28, 2021 | By: David Parker, Esq.
Mehmet Öz, a U.S. celebrity surgeon of Turkish origin better known as “Dr. Oz,” took legal action against his sister Nazlım Suna Öz, claiming she forged documents over their father’s inheritance.
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What doesn't Medicare cover.

Administrator - What Happens when Homeowner Dies without Will?

Posted on: April 27, 2021 | By: David Parker, Esq.
How do we move into probate, so we do not lose the house and bank accounts, while not killing ourselves in the process?
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A Special Needs Trust can protect your child.

Special Needs Trust How to Protect Child’s Public Benefits

Posted on: April 26, 2021 | By: David Parker, Esq.
If you have a child or other family member who has special needs due to physical or mental conditions, you face a variety of challenges planning for their care, including financial ones.
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Work on your Estate Plan

Does Bacon Cause Dementia?

Posted on: April 23, 2021 | By: David Parker, Esq.
The equivalent of a rasher of bacon per day may increase the risk of dementia, a new study suggests.
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What wrong with the Presley estate?

What Does ‘ Per Stirpes ’ in a Will Mean?

Posted on: April 22, 2021 | By: David Parker, Esq.
Per stirpes in a will means that a deceased’s child’s share will pass to the deceased’s child’s children in equal shares, if any.
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New RMD rules

Should I Name a Living Trust Beneficiary of a Roth IRA?

Posted on: April 21, 2021 | By: David Parker, Esq.
Can a living trust be the beneficiary of a Roth IRA?
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