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Scottish Actor Sean Connery May Have Had Dementia

Posted on: November 27, 2020 | By: David Parker, Esq.
Iconic Scottish actor Sean Connery, who has died at the age of 90, suffered from dementia in his final years, his widow Micheline Roquebrune revealed on Sunday.
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How do you pass a certificate of deposit without a Will.

How Successful was the CMS Program with Telehealth for Senior Care?

Posted on: November 26, 2020 | By: David Parker, Esq.
A CMS program that provides long-term care for seniors in need of support services used telehealth to keep those connections going during the coronavirus pandemic.
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What Is a GRIT and Should It Be Used in an Estate Plan?

Posted on: November 25, 2020 | By: David Parker, Esq.
Trusts can be useful in estate planning for passing on assets to your heirs. A grantor retained income trust (GRIT) is a specific type of trust that allows you to transfer assets, while still benefiting from the income they generate.
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How does Portability work?

The Biggest Mistake in Trusts: Funding the Trust

Posted on: November 24, 2020 | By: David Parker, Esq.
Your real estate holdings, life insurance, bank accounts and retirement savings won’t magically flow into your trust.
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What Happened to Phil Spector

How Do Joint Accounts and Beneficiary Designations Work in Estate Planning?

Posted on: November 23, 2020 | By: David Parker, Esq.
Remember that a will goes through probate, so a husband and wife typically try to avoid it by using joint ownership or beneficiary designations. However, they’re often mistaken by believing the will still controls their estate.
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In-Home Aide is a life saver

Caregiving - What Should I Remember when My Parents Move in with Me?

Posted on: November 20, 2020 | By: David Parker, Esq.
Moving elderly parents into your home can bring daunting challenges and unexpected closeness. Over the past 20 years, parents living with their adult children has become increasingly common.
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Unmarried Couples and estate planning

Do You Need to Name a Guardian for Your Children in the Will?

Posted on: November 19, 2020 | By: David Parker, Esq.
Why naming a guardian for your child is important.
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What is a POD account ?

What Did Steve Bing ’s Estate Plan Look Like?

Posted on: November 18, 2020 | By: David Parker, Esq.
Steve Bing — who inherited $600 million from his real estate developer grandfather at the age of 18 — only had about $300,000 left to his name at his death, leaving him relatively broke.
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Is there a step-up-in-basis for real estate?

What Do I Do If Property I Just Inherited Has a Mortgage?

Posted on: November 17, 2020 | By: David Parker, Esq.
What happens if you inherit your loved one’s home? What if they still have payments to make on their mortgage? We’ll explore these and other questions you may have below.
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Unmarried Couples and estate planning

What are the Responsibilities of a Trustee ?

Posted on: November 16, 2020 | By: David Parker, Esq.
A trustee is a manager of assets in a trust. The grantor creates the trust and appoints the trustee. A trustee has a ‘fiduciary duty’ to serve the grantor and not benefit personally.
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