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Can a BDIT save you on taxes?

Who Inherits TV Broadcaster Barbara Walters' Estate?

Posted on: February 17, 2023 | By: David Parker, Esq.
Walters’s estate will be inherited by her family.
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What doesn't Medicare cover.

Does Will Have an Expiration Date?

Posted on: February 16, 2023 | By: David Parker, Esq.
If I have a current will that is about seven to 10 years old, do I have to write up a new will or can I edit the current will?
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Beware Inheritance Theft

What Is Inheritance Theft ?

Posted on: February 15, 2023 | By: David Parker, Esq.
Receiving an inheritance could provide an unexpected (or anticipated) financial windfall. There’s just one thing you may have to contend with – people attempting to steal what you’ve inherited.
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Keep your estate plan organized

What’s the Best Way to Organize Your Estate Plan?

Posted on: February 14, 2023 | By: David Parker, Esq.
Does somebody else know where it is in the event of your death or incapacity?
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Can a BDIT save you on taxes?

What Is a Beneficiary Defective Inheritor’s Trust?

Posted on: February 13, 2023 | By: David Parker, Esq.
A Beneficiary Defective Inheritor’s Trust, also known as a ‘BDIT,’ is a specific type of estate planning trust.
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What doesn't Medicare cover.

What Was in Ivana Trump’s Estate Plan?

Posted on: February 10, 2023 | By: David Parker, Esq.
Ivana Trump left behind around $1 million for the nanny who raised her daughter Ivanka Trump and sons Eric Trump and Donald Jr. Trump, excluding her ex-husband former President Donald Trump from her will.
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What wrong with the Presley estate?

What’s a Bequest?

Posted on: February 9, 2023 | By: David Parker, Esq.
When a person uses a will to leave property to their family, friends or the causes they support, the act is known as a bequest. A bequest can be the cash, investments, jewelry or other items that a person passes to beneficiaries when they die.
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Can a BDIT save you on taxes?

Who Gets Graceland after Lisa Marie Presley‘s Death?

Posted on: February 8, 2023 | By: David Parker, Esq.
Lisa Marie Presley‘s surviving three children will reportedly inherit her Graceland estate.
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What Happened to Phil Spector

When Is Life Insurance Taxable to Beneficiaries?

Posted on: February 7, 2023 | By: David Parker, Esq.
When beneficiaries receive a payout from a life insurance policy, they typically don’t have to pay taxes. However, there are a few situations where a portion of the life insurance benefit is taxable to the beneficiary.
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Can your love ones be disinherited ?

How to Protect Loved Ones from Being Disinherited

Posted on: February 6, 2023 | By: David Parker, Esq.
If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.
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