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Estate Planning and Elder Law Blog

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What doesn't Medicare cover.

Larry King and his Holographic Will .

Posted on: April 13, 2021 | By: David Parker, Esq.
The press has made much of the handwritten will that Larry King executed in the months before he died and in which he purports to change his prior will executed in 2015, to leave his estate equally between his children.
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What is a Special Needs Trust ?

How Do Special Needs Trusts Work?

Posted on: April 12, 2021 | By: David Parker, Esq.
Just as you have trust in a relationship, trusting your document and those with responsibilities in the trust are crucial to obtaining your objectives.
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Choose your fiduciary wisely.

Why Won’t IRS and Social Security Like My Power of Attorney?

Posted on: April 9, 2021 | By: David Parker, Esq.
Every estate plan should have a power of attorney, in which you give one or more people authority to act as agents on your behalf, when you aren’t able to. Every estate planner and guide to estate planning will tell you that. What few will tell you is there are at least two important instances when the power of attorney (POA) won’t be recognized and followed.
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What debts are owed when parents die?

Does My Family have to Pay My Credit Card Debt when I Die?

Posted on: April 8, 2021 | By: David Parker, Esq.
Especially with the average U.S. household having $7,027 in revolving credit card debt and Americans owing a total of $416.1 billion in credit card debt, according to a recent Nerdwallet study, some Americans will have credit card debt for the rest of their lives. However, what happens to credit card debt when you die?
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What doesn't Medicare cover.

Remind Me Why I Need to get a Will

Posted on: April 7, 2021 | By: David Parker, Esq.
A will is a legal document that allows you to decide what happens with your estate after you passed away. Unfortunately, not all people consider creating one because they think that it’s complicated and just an extra expense.
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Co-op and transferring to the kids

How Does Home Ownership Transfer after a Parent Dies?

Posted on: April 6, 2021 | By: David Parker, Esq.
My father passed away recently. How do we remove his name from the title to the home? Can we record a death certificate or have mom sign a new deed?
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Can I get less in Social Security ?

A Trust Fund can Work for ‘Regular’ People

Posted on: April 5, 2021 | By: David Parker, Esq.
When you hear the word trust fund, you might think of the uber-wealthy giving their kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich.
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New IRS portability rules

What Should I Do with My Valuable Beanie Baby Collection?

Posted on: April 3, 2021 | By: David Parker, Esq.
COVID-19 has altered how we spend our time. Most forms of socialization were scaled back or continued virtually. The forced isolation reignited a passion for hobbies and collecting.
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How does Portability work?

Dr. Seuss Controversy Impact on Estate?

Posted on: April 2, 2021 | By: David Parker, Esq.
The overdue decision to stop publishing certain Dr. Seuss books, because they contain racist imagery has caused quite a hullabaloo — a Seussian word, if there ever was one.
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Eddie Van Halen left money to a foundation

Old Sturbridge Village Museum Receives Millions from Will of California Woman

Posted on: April 1, 2021 | By: David Parker, Esq.
Old Sturbridge Village has received a $5 million gift from a former trustee and longtime supporter of the Massachusetts-based living history museum.
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