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Did Kirk Douglas Leave His Wealth to His Son Michael?

Posted on: June 9, 2020 | By: David Parker, Esq.
Kirk Douglas chose to leave his $61 million fortune to charity, rather than giving any to his son Michael.
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Work on your Estate Plan

Alzheimer’s patient, Dementia and other Brain Diseases Require Special Estate Planning Steps

Posted on: June 8, 2020 | By: David Parker, Esq.
Covid-19 or Coronavirus has created health worries and fear for everyone. For those with underlying health issues, which include multiple sclerosis, Parkinson’s disease, Alzheimer’s disease, or other brain diseases, those concerns are even more pronounced.
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CDPAP will pay you to take care of Mom.

Caregiver Monday as a Day of Self-Care?

Posted on: June 5, 2020 | By: David Parker, Esq.
The recent coronavirus global pandemic has disrupted daily life at levels unprecedented in our lifetime. Yet life disruption is something family caregivers understand all too well. According to a study by AARP and the National Alliance for Caregiving (NAC), more than 34 million Americans are caring for someone over age 50: a spouse or partner, an older parent or in-law, a sibling, a beloved older family member or even a friend.
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New RMD rules

Should I Use My 401(k) in the Pandemic ?

Posted on: June 4, 2020 | By: David Parker, Esq.
My 401(k) has dropped $31,000 in three weeks. Should I borrow some now to prevent bigger losses?
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Calculating Required Minimum Distribution

Tax Haven - Divorce Reveals How Trusts are Used by the Ultra-Wealthy

Posted on: June 3, 2020 | By: David Parker, Esq.
In a lawsuit, Marie Bosarge claims that her estranged husband, Texas billionaire Ed Bosarge, created trusts ‘to hide income and property and to hold what would otherwise have been personal income and assets.’
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How does Portability work?

Estate Planning Options to Consider in Uncertain Times

Posted on: June 2, 2020 | By: David Parker, Esq.
External events that cause reflection are good reminders to update estate planning documents.
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New RMD rules

How the CARES Act has Changed RMDs for 2020

Posted on: June 1, 2020 | By: David Parker, Esq.
Here is what you need to know about delaying required withdrawals from a retirement account until 2021.
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How does Portability work?

Does Medicare Cover COVID-19 related Medical Expenses?

Posted on: May 29, 2020 | By: David Parker, Esq.
It's been more than six weeks since the threat of COVID-19 became evident on a widespread level, and life changed in an instant. However, while many people today are grappling with issues, like unemployment and slaughtered retirement accounts, seniors have a unique set of concerns on their hands: protecting their health and their finances simultaneously.
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How Do I Care for a Dementia Patient in the Pandemic ?

How Do I Care for a Dementia Patient in the Pandemic ?

Posted on: May 28, 2020 | By: David Parker, Esq.
Social distancing guidelines due to the COVID-19 pandemic have presented challenges to all Americans, but they present added stress to the one million family members and friends in New York state who provide care for someone living with Alzheimer’s disease or another dementia.
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Talk to your parents about their estate plan

Elder Abuse Continues as a Billion-dollar Problem

Posted on: May 27, 2020 | By: David Parker, Esq.
The official figure for elder financial fraud used by a congressional committee is around $3 billion a year, but that’s based solely on reported cases of fraud. Other estimates are 10 times that much.
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