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Estate Planning and Elder Law Blog

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How does Portability work?

Can I Fund a Trust with Life Insurance ?

Posted on: October 21, 2020 | By: David Parker, Esq.
Estate planning is all about ensuring that your wishes are met after your death. All estate plans should include a will and powers of attorney. However, in many cases, a trust has additional benefits beyond what can be accomplished with the will and powers of attorney.
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What doesn't Medicare cover.

Does Your Estate Plan Include Digital Assets Protection?

Posted on: October 20, 2020 | By: David Parker, Esq.
It’s difficult to go a few hours without interacting with a digital account. Whether that is email, online banking or social media, many daily tasks involve digital informational storage.
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What is a POD account ?

Can Co-Mingling Inheritances Lead to Trouble for Marriages?

Posted on: October 19, 2020 | By: David Parker, Esq.
Most states recognize inheritances as separate property, and many experts say keeping them separate is often the best approach.
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New rules for Hearing Aids .

Can Senior Care Facilities Use ‘ Granny Cams ’?

Posted on: October 16, 2020 | By: David Parker, Esq.
A bill that would allow residents of assisted living communities and personal care homes to install electronic monitoring equipment in their rooms has been blocked by the Georgia General Assembly, according to its sponsor.
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Talk to your parents about their estate plan

Do I Have to Pay Taxes during Retirement ?

Posted on: October 15, 2020 | By: David Parker, Esq.
Some retirees may be surprised to learn that a portion of their Social Security benefits could be subject to federal income taxes.
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Dividing Pablo Picasso ’s Estate, a Disaster

Posted on: October 14, 2020 | By: David Parker, Esq.
When Pablo Picasso died in 1973 at the age of 91, he left behind about 45,000 works of art – so many that it would take the entire Empire State Building to display them all at the same time – and yet he didn't leave a will.
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How does Portability work?

Protecting Inheritance from the Taxes

Posted on: October 13, 2020 | By: David Parker, Esq.
Received an inheritance of cash, investments, or property? Here are four ways that can help you keep it from being swallowed up by taxes.
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Can a BDIT save you on taxes?

What’s Involved in the Probate Process?

Posted on: October 12, 2020 | By: David Parker, Esq.
The probate process refers to court proceedings that you have to go through when a loved one passes on, and they have left an asset in their name.
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Choose your fiduciary wisely.

What are Trustee Fees ?

Posted on: October 9, 2020 | By: David Parker, Esq.
When creating an estate plan, it may be necessary to name a trustee to handle your assets.
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What was in Ray Liotta 's Will

What Does Tenancy by the Entirety Mean in Estate Planning?

Posted on: October 8, 2020 | By: David Parker, Esq.
Tenancy by the entirety, commonly abbreviated as TBE, is an ownership structure for real estate that's used when the owners are a married couple. Under a TBE arrangement, each spouse owns an equal interest in the property, and the property will transfer seamlessly to the surviving spouse, in the event of one spouse's death.
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