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Estate Planning and Elder Law Blog

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Where in the World Do You Go to Retire If You Like The Snow?

Posted on: March 18, 2020 | By: David Parker, Esq.
Retirees who relish the pleasure of watching the seasons change, and love the special energy of winter, should consider these five affordable countries that feature colder winters and offer residency visas.
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New RMD rules

Should You Name a Trust as an IRA Beneficiary ?

Posted on: March 17, 2020 | By: David Parker, Esq.
For obvious reasons, including control, privacy, asset protection, etc., many clients are interested in putting assets into a trust. For many retirees, their IRA is among their biggest assets. It’s only natural to want to put the IRA into a trust.
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What Happened to Phil Spector

Estate Planning uses a “Dynamic Document”

Posted on: March 16, 2020 | By: David Parker, Esq.
Failing to ensure that your asset titling and beneficiary designations are coordinated with your estate plan, can lead to unintended costs, taxes and outcomes.
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Why Did VA Scrap Its Star Rating System?

Posted on: March 13, 2020 | By: David Parker, Esq.
The Department of Veterans Affairs will no longer issue star ratings for its 146 medical centers.
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Work on your Estate Plan

What Do We Know about Early Onset Dementia ?

Posted on: March 12, 2020 | By: David Parker, Esq.
Some health care facilities in our area say they are seeing more cases of early-onset dementia than ever before.
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What doesn't Medicare cover.

How Kirk Douglas’s Estate Shows the Value of Strategic Trust Planning

Posted on: March 11, 2020 | By: David Parker, Esq.
Old Hollywood didn’t pay stars well by modern standards, but Kirk had the wisdom to own his most iconic films and pour the profit into property. Soon philanthropy will force tough choices. The death of any giant produces shockwaves. Where Kirk Douglas is concerned, those ripples reveal how much the entertainment landscape changed in his lifetime and how much the numbers have grown.
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New RMD rules

What are the Penalty Free IRA Withdrawals ?

Posted on: March 10, 2020 | By: David Parker, Esq.
The contributions you make to your individual retirement account (IRA) are intended to supplement your income during your retirement years. However, as much as you'd like to let your IRAs remain untouched until retirement, unforeseen expenses may force you to withdraw some of those assets early.
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HIPAA rules

Planning for Long Term Care Before It’s Too Late

Posted on: March 9, 2020 | By: David Parker, Esq.
A strong long-term care plan spells out where you would like to live, how you plan to get around, and who will oversee your financial and health decisions when you’re incapacitated.
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Big COLA increase in 2023

Can a Healthcare Worker Post a Selfie with a Patient ?

Posted on: March 6, 2020 | By: David Parker, Esq.
A nurse’s aide at a senior care facility in southern Minnesota who posted a photograph of an elderly patient with Alzheimer’s disease on social media with a demeaning and vulgar message, did not violate state law meant to protect patient privacy, a state court has determined.
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HIPAA rules

What Do I Need to Know about Medicare in 2020?

Posted on: March 5, 2020 | By: David Parker, Esq.
Certain costs are adjusted yearly by the government and can affect premiums, deductibles and other cost-sharing aspects of Medicare. Even though each change doesn’t necessarily involve huge dollar amounts, they can add up and should be factored into your monthly health-care spending.
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