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Can My Estate Plan Include Illiquid Assets, Like Real Property and Ownership Interests?

Posted on: December 24, 2019 | By: David Parker, Esq.
No good estate plan can afford to ignore the other assets, the ones called ‘illiquid.’ That category includes anything that can’t readily be converted to cash, in a regulated market with readily determined prices.
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CDPAP will pay you to take care of Mom.

Personal Home Care - Holiday Gatherings Often Reveal Changes in Aging Family Members

Posted on: December 23, 2019 | By: David Parker, Esq.
It’s a common occurrence. Far flung family members return home to visit elderly relatives for the holidays. Upon arrival, they notice that things seem … off.
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How can I protect my real estate asset

How Can I Protect My Real Estate Assets?

Posted on: December 20, 2019 | By: David Parker, Esq.
If you’ve decided to join the real estate industry, asset protection is paramount. Just like in most industries, investing in real estate has its shortcomings. Adopting different asset protection strategies for your real estate will secure your property.
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Can a BDIT save you on taxes?

Simple Mistakes to Avoid in your Estate Plan.

Posted on: December 19, 2019 | By: David Parker, Esq.
Preparing an estate plan, is like getting a physical. We know responsible adults have it done but choosing to do it yourself is just not appealing. We may decide with the information available on the internet, we simply can self-diagnose any problems that arise.
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Larry King 's estate goes on.

What Does ‘Portability of Estate Tax’ Mean?

Posted on: December 18, 2019 | By: David Parker, Esq.
Portability first emerged as an estate planning strategy in 2011 and 2012 from the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. It was made permanent by the American Taxpayer Relief Act of 2012.
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What Happened to Phil Spector

Social Security Number Scams Evolve Despite Growing Awareness

Posted on: December 17, 2019 | By: David Parker, Esq.
As long as people keep sending gift cards and wiring money, the crimes won't just continue—these Social Security phone scams will probably get worse.
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Legal Guardian and conservatorship

Tips for Choosing a Fiduciary

Posted on: December 16, 2019 | By: David Parker, Esq.
Being a fiduciary is a time-intensive and intellectually challenging task to put upon an individual.
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What doesn't Medicare cover.

No Contest Clause - How Do I Disinherit My Family?

Posted on: December 13, 2019 | By: David Parker, Esq.
Properly disinheriting another person is a science, not an art. You should follow formal legal guidelines, instead of assuming what you think is logical will work once your estate is administered.
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Open enrollment mistakes

Healthcare Directive -When Can Parent Legally Make an End-Of-Life Decision?

Posted on: December 12, 2019 | By: David Parker, Esq.
Friday at Erie County Medical Center, 21-year-old Damaire Gordon’s heart stopped beating. However, he died nearly two weeks before, at least according to doctors.
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Co-op and transferring to the kids

Homestead Laws - What Happens If a Spouse Is Not on the Deed?

Posted on: December 11, 2019 | By: David Parker, Esq.
I don’t understand why my husband, who had nothing to do with buying my home, can have any claim to it when I die. Is there any way my son can get my home, instead of my husband?
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