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Is there a step-up-in-basis for real estate?

Mortgage Surplus Funds – How to get the money after Foreclosure?

Posted on: January 25, 2021 | By: David Parker, Esq.
If you had your home foreclosed and there was money left over, how do you get the mortgage surplus funds ? First let me state, I am an attorney in New York. These rules apply to New York State only. If the property is in another state, you need to speak with an attorney from […]
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Co-op and transferring to the kids

Your Estate Planning Checklist for 2021

Posted on: January 25, 2021 | By: David Parker, Esq.
Early in 2021, you should communicate with your advisers and review several items about your 2020 planning, if that planning is to have any likelihood of succeeding.
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New rules for Hearing Aids .

Helping Elderly Parents with Home Health Care

Posted on: January 22, 2021 | By: David Parker, Esq.
When you envision your “golden years,” what do you see? Are you living independently, being active and enjoying life? Or do you worry that you’ll struggle with declining health and physical limitations? For many seniors, reality falls somewhere in between. Perhaps you see that in your own aging parents.
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How to provide asset protection

Who Makes Money from Roald Dahl and Charlie and the Chocolate Factory?

Posted on: January 21, 2021 | By: David Parker, Esq.
Roald Dahl has written dozens of childhood classics, from the newly remade The Witches, to The BFG and Charlie and the Chocolate Factory. Roald is now the subject of a new drama on Sky titled Roald & Beatrix: The Tail of The Curious Mouse, which imagines the authors meeting.
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What doesn't Medicare cover.

Should People Keep that Out of Their Wills ?

Posted on: January 20, 2021 | By: David Parker, Esq.
A last will and testament is the foundation of an estate plan, which lets you plan for your estate after you’re gone. However, there are certain things that you might not want to put in your will.
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How do you pass a certificate of deposit without a Will.

How Does a Charitable Trust Work?

Posted on: January 19, 2021 | By: David Parker, Esq.
While direct giving has an immediate impact, some individuals may be considering charitable planning strategies that will have a larger and longer-lasting impact not only on charities, but on their own lives or that of their families.
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How does Portability work?

When is an Inheritance Community Property ?

Posted on: January 18, 2021 | By: David Parker, Esq.
Everything each spouse earns during their marriage is community property. Fortunately, a gift or inheritance is separate property. However, that’s only half the battle.
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Co-op and transferring to the kids

Should I Transfer my home to my daughter ?

Posted on: January 15, 2021 | By: David Parker, Esq.
I am a single retired parent to an adult daughter, who is an only child. The home I currently reside for the last 26 years still has a mortgage and the deed is in my name only. I have a will that states everything is left to my daughter, and then to my grandson, if she proceeds me in death. Should my daughter be added to the deed?
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Larry King 's estate goes on.

Did John le Carré Have an Estate Plan?

Posted on: January 14, 2021 | By: David Parker, Esq.
John le Carré, the celebrated author of Tinker Tailor Soldier Spy, has died from pneumonia. He passed away Saturday night at the Royal Cornwall Hospital in Truro. ‘We all deeply grieve his passing,’ his family wrote in a statement.
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What wrong with the Presley estate?

Did Robert Redford Have a Business Exit Plan?

Posted on: January 13, 2021 | By: David Parker, Esq.
Robert Redford officially bought what was once the Timp Haven Resort (now known as the Sundance Mountain Resort) in 1969. This year, he's stepped away, selling the resort to Broadreach Capital Partners and Cedar Capital Partners. While we don't know how much the resort was sold for, the structure of the sale shows how this iconic real estate investor has built a successful exit strategy.
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