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Estate Planning and Elder Law Blog

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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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New RMD rules

The Stretch IRA Is Diminished but Not Completely Gone

Posted on: March 30, 2021 | By: David Parker, Esq.
In the pre-SECURE Act universe, there were designated beneficiaries. These beneficiaries could be individuals (sometimes called named beneficiaries), institutions, such as charities, or estates.
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What Happened to Phil Spector

How Can I Prep for a Telehealth Appointment?

Posted on: March 26, 2021 | By: David Parker, Esq.
When you used to think of a typical doctor’s appointment, you might conjure up images of waiting rooms, stethoscopes and maybe stickers. Now, that image has changed quite a bit. With the world shifting to increasingly remote communication amidst the COVID-19 pandemic, health appointments are often being limited to extended phone calls and video interactions. This is referred to as ‘telehealth.’
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What wrong with the Presley estate?

The Latest on the Denver Broncos and Late Owner Pat Bowlen ’s Trust

Posted on: March 25, 2021 | By: David Parker, Esq.
In Denver District Court on Monday night, lawyers representing the parent companies of the Broncos asked a judge to rule that former owner Edgar Kaiser’s estate does not have the right of first refusal of any sale.
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New RMD rules

If My Estate Is the Beneficiary of My IRA , How Is It Taxed?

Posted on: March 24, 2021 | By: David Parker, Esq.
When an estate is named beneficiary of an IRA, what is the method of distributing it to one individual in the most tax-effective way?
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Talk to your parents about their estate plan

Estate Planning and a Second Marriage

Posted on: March 23, 2021 | By: David Parker, Esq.
Married people in second marriages with prior children often have to balance the future well-being of their spouse with that of their own children.
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Aretha Franklin 's estate owes quite a bit of money.

Aretha Franklin ’s Estate and IRS Resolve Tax Debt

Posted on: March 22, 2021 | By: David Parker, Esq.
When Aretha Franklin died in 2018, a powerful creditor came calling: The Internal Revenue Service.
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What wrong with the Presley estate?

What Is in Rush Limbaugh ’s Estate?

Posted on: March 19, 2021 | By: David Parker, Esq.
A decade ago, the late Rush Limbaugh scoffed at the notion of leaving any of his money behind.
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