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Estate Planning and Elder Law Blog

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Should I Buy a Vacation Home When I Retire?

Posted on: March 4, 2020 | By: David Parker, Esq.
While many retirees have considered purchasing a vacation home to escape cold winters, to rent out for income, or simply have a gathering place for far-flung family members, there are a number of financial matters to consider that could make ownership onerous.
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Common Myths about Your Estate When You Die

Posted on: March 3, 2020 | By: David Parker, Esq.
Regardless of whether the law makes sense to us, we are all required to abide by it.
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Choose your fiduciary wisely.

Gray Divorce is Changing the Future for Many Senior Americans

Posted on: March 2, 2020 | By: David Parker, Esq.
Rising divorce rates among Americans over the age of 50 are causing more conflict in estate planning, new data shows.
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Be Aware of Probate

Posted on: February 28, 2020 | By: David Parker, Esq.
Whether you recently experienced the loss of a loved one or are learning how to best prepare and plan your own estate, you've likely come across the term and may be wondering, "What is probate?" It's important to understand what probate is and how the process works.
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Determining guardianship with a Yonkers elder lawyer

How Guardianship is Determined in New York

Posted on: February 27, 2020 | By: David Parker, Esq.
In New York, Article 81 guardianship is appointed when an individual is unable to manage personal or financial affairs due to incapacity. Courts require strong evidence before appointing a guardian. A Yonkers elder lawyer can guide families through the complex legal process.
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Does My Mom Have to Pay My Dad’s Credit Card Debt after He Dies?

Posted on: February 26, 2020 | By: David Parker, Esq.
My father recently passed away and we discovered he had a large credit card debt on a card in his name. My mother wasn’t aware of it. All assets are in both of their names. Is my mother liable for the credit card debt?
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The High Cost of Medicare Mistakes

Posted on: February 25, 2020 | By: David Parker, Esq.
She recently enrolled in traditional (Parts A, B, and D) Medicare and was hit with huge Part B and Part D monthly premiums. She had no idea why it was so high. After many letters, calls, and meetings with Social Security, she still had no idea.
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Financial Infidelity that Appears after One Spouse Dies

Posted on: February 24, 2020 | By: David Parker, Esq.
The expression recognizes the blindness that many of us have in relationships to the spending habits of partners and the effect it has on our own finances.
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Work on your Estate Plan

VSED - Why Won’t Caregivers Honor a Dementia Patient’s Advanced Directive?

Posted on: February 21, 2020 | By: David Parker, Esq.
When she worked on the trading floor of the Chicago Board Options Exchange, long before cellphone calculators, Susan Saran could perform complex math problems in her head. Years later, as one of its top regulators, she was in charge of investigating insider trading deals. Today, she struggles to remember multiplication tables.
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Co-op and transferring to the kids

Fixing an Estate Plan Mistake

Posted on: February 20, 2020 | By: David Parker, Esq.
Sometimes, despite best intentions and best efforts, an estate plan leaves unintended problems for heirs, trustees and others to solve. For example, a trust may have become outdated because of changes in tax laws, the birth or death of family members, or special circumstances like an heir’s disability.
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