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Estate Planning and Elder Law Blog

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Estate Planning for the sandwich generation

If I’m 35, Do I Need a Will?

Posted on: February 19, 2020 | By: David Parker, Esq.
It's never too early to start estate planning. If you already have a family, getting your personal affairs in order is a must. The sooner you start planning, the more prepared you will be for life's unexpected twists and turns.
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Esatate Planning for Unmarried Couples

Estate Planning for Unmarried Couples

Posted on: February 18, 2020 | By: David Parker, Esq.
The number of unmarried couples who live together reached 18 million in 2016, a 29% jump from 14 million in 2007. Among adults age 50 and older, the increase was 75%: About four million were cohabiting in 2016, up from 2.3 million in 2007.
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Calculating Required Minimum Distribution

Retirement Fund Withdrawals Can Affect Social Security Benefits

Posted on: February 17, 2020 | By: David Parker, Esq.
Social Security provides a guaranteed source of income in retirement, but what many don't realize is that you're not guaranteed to keep it all.
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Larry King 's estate goes on.

What IRA deadllines Does a Retiree Need to Circle?

Posted on: February 14, 2020 | By: David Parker, Esq.
The start of a new year—and a new decade, to boot—is a great time to assess your financial situation and look ahead. You’ll want to consider moves for the long term, but it’s also critical to pay attention to the details in the short-term, so you don’t miss an important deadline.
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Legal Guardian and conservatorship

When Do I Need an Elder Lawyer?

Posted on: February 13, 2020 | By: David Parker, Esq.
Elder law issues can be complex. One wrong word or move can mean the difference between a good result and disaster should you become incapacitated or if other unexpected issues should occur in your senior years. An elder law attorney can help you plan for what will happen, if you should become mentally or physically incapable of taking care of yourself and your own personal business matters.
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What is a POD account ?

A 2020 Checklist for an Estate Plan - Unified Federal Estate & Gift Tax Exemption

Posted on: February 12, 2020 | By: David Parker, Esq.
For many people, what comes to mind when they think about estate planning, is how much money they will be able to save in taxes as assets are passed from one generation to the next. While that is certainly an important part of any plan, there is much more to consider so that a person and his or her family are protected for the future.
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Can a BDIT save you on taxes?

Dad’s Will and Revocable Living Trust at Odds?

Posted on: February 11, 2020 | By: David Parker, Esq.
A will and a trust are separate legal documents that typically share a common goal of facilitating a unified estate plan. While these two items ideally work in tandem, since they are separate documents, they sometimes run in conflict with one another--either accidentally or intentionally.
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What Happened to Phil Spector

Not a Billionaire? Trusts Can Still Be Beneficial

Posted on: February 10, 2020 | By: David Parker, Esq.
Even if your asset base doesn’t measure up to the Bill Gates standard, you may consider using trusts in estate planning. This is because they can help your heirs in many different ways.
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Work on your Estate Plan

Planning Retirement with a Cognitive Decline

Posted on: February 7, 2020 | By: David Parker, Esq.
When a loved one is experiencing cognitive decline, emotional and medical considerations often overshadow the financial planning that needs to happen. This is a potentially costly mistake.
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Adult Children in a senior community

Adult Children in a senior community ?

Posted on: February 6, 2020 | By: David Parker, Esq.
After someone dies and the estate is settled, how long can the deceased's name remain on the deed?
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