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If your beneficiary designations are out of date and you die without updating those designations, your assets could go the wrong people–a former spouse, for example–no matter what your will says.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