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Estate Planning and Elder Law Blog

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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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Social Security and In VItro

SECURE Act has Changed Special Needs Planning

Posted on: January 12, 2021 | By: David Parker, Esq.
An applicable multi-beneficiary trust can solve some--but not all--of the challenges that the new act presents.
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5 biggest mistakes for beneficiaries

How Can Blended Families Use Estate Planning to Protect All of the Siblings?

Posted on: January 11, 2021 | By: David Parker, Esq.
No matter how solid the relationships might be, it is important for parents to be aware how blended families can create unique estate planning issues.
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Can a BDIT save you on taxes?

What Do I Need to Know about Creating a Simple Will ?

Posted on: January 8, 2021 | By: David Parker, Esq.
Creating a will is one of the most basic elements of estate planning. There are different types of wills you can choose from, including a simple will.
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Co-op and transferring to the kids

What’s Going on with the Estate of Kenny Rogers ?

Posted on: January 7, 2021 | By: David Parker, Esq.
A friend of the late Kenny Rogers is being sued by the singer's estate for allegedly producing an unauthorized DVD of The Gambler's farewell tour.
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Can I Inhertit debt when someone dies?

Can I Inherit Debt ?

Posted on: January 6, 2021 | By: David Parker, Esq.
Debts, just like assets, are considered part of a person’s estate. When that person passes away, their estate is responsible for paying any and all remaining debts. The money to pay those debts comes from the asset side of the estate.
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What doesn't Medicare cover.

How Much Should We Tell the Children about the Estate Plan?

Posted on: January 5, 2021 | By: David Parker, Esq.
Even those with thorough estate plans might have neglected to discuss details with potential heirs.
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The Most Common Myths about COVID Vaccine

The Most Common Myths about COVID Vaccine

Posted on: January 4, 2021 | By: David Parker, Esq.
The first vaccine to fight COVID-19 has been authorized for emergency use by the federal government — a move that could slow the spread of coronavirus and help bring an end to the pandemic — and another candidate is right behind it in the process.
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