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Estate Planning and Elder Law Blog

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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If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.
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HIPAA rules

What Is HIPAA Authorization?

Posted on: February 3, 2023 | By: David Parker, Esq.
The HIPAA Privacy Rule permits the sharing of health information by healthcare providers, health plans, healthcare clearinghouses, business associates of HIPAA-covered entities and other entities covered by HIPAA Rules under certain circumstances.
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Can a BDIT save you on taxes?

Is Handwritten Instruction in Bible Valid to Update a Will?

Posted on: February 2, 2023 | By: David Parker, Esq.
A state appeals court has ruled that a handwritten instruction in a Bible that included only the first name of the writer was a valid codicil that changed a will.
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What doesn't Medicare cover.

What’s the Fight About for Leonard Cohen’s Estate?

Posted on: February 1, 2023 | By: David Parker, Esq.
Leonard Cohen had been burned before. So, in the years before his death in 2016, the “Hallelujah” singer and poet worked to secure most of his multi-million dollar estate for the benefit of his heirs — who are now fighting for total control of the Canadian musician’s assets, The Post has learned.
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Can a BDIT save you on taxes?

What Should Not Be Kept in a Safe Deposit Box?

Posted on: January 31, 2023 | By: David Parker, Esq.
Locking away certain valuables and important documents in a bank vault could turn into a headache for you or your heirs.
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What about a second beneficiary ?

Why You Need a Second Beneficiary

Posted on: January 30, 2023 | By: David Parker, Esq.
Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.
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CDPAP will pay you to take care of Mom.

How Can I Help Hospitalized Loved One with Parkinson's Disease?

Posted on: January 27, 2023 | By: David Parker, Esq.
Parkinson's disease (PD) is a neurological disorder affecting some older adults, causing tremors and difficulty with coordination. PD eventually worsens with time, leading individuals to struggle with communication, walking and caring for themselves.
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New City Estate Planning Law Firm

We are Moving our New City / Rockland Office!

Posted on: January 27, 2023 | By: David Parker, Esq.
Why did the law office cross the road? Because we found a new office. On January 28 through January 30, 2023,  the Parker Law Firm is moving our Rockland County office to 120 North Main Street, Suite 230, New City, New York 10956. (its the building next to the bowling alley) There is ample parking […]
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What doesn't Medicare cover.

Who Controls Actress Brittany Murphy ’s Estate?

Posted on: January 26, 2023 | By: David Parker, Esq.
Brittany Murphy’s brother has revealed new details about who’s been in control of the late actress’s multimillion-dollar estate — while continuing to claim that she was murdered.
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