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5 biggest mistakes for beneficiaries

How Blended Families and Remarriage Can Address Finances and Inheritance Issues

Posted on: December 10, 2019 | By: David Parker, Esq.
When you remarry, you’re not only combining residences with your new spouse, you’re also merging your finances. If you have children, it may involve some financial-related stress.
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Can one spouse plan?

What If Only One Parent Is Willing to Plan?

Posted on: December 9, 2019 | By: David Parker, Esq.
My parents are in their 70s and they don’t have anything planned. I’ve spoken with them about the importance of planning.
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What Happened to Phil Spector

How Can Your Update Your Estate Plan?

Posted on: December 8, 2019 | By: David Parker, Esq.
Everyone’s heard the stories of celebrities who died without a proper estate plan in place. It’s been a hot topic in the last few years with Prince and Aretha Franklin serving as unfortunate faces of the phenomenon. However, it’s not just freewheeling entertainers.
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What doesn't Medicare cover.

Use this Executor Checklist.

Posted on: December 7, 2019 | By: David Parker, Esq.
One common trouble that many executors overlook: dispersing personal possessions that have little financial value but great sentimental value.
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Long-Term Care Insurance?

What are the 2020 Changes to Medicare Part B?

Posted on: December 6, 2019 | By: David Parker, Esq.
If you’re on Medicare, the cost of your coverage for doctor’s appointments and other outpatient services is about to rise.
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A family meeting to discuss planning

Strategies for the Sandwich Generation

Posted on: December 5, 2019 | By: David Parker, Esq.
You do not have to be raising young children to be in the sandwich generation. Your children might be adults but need financial help, because of student loans or other financial pressures.
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How can a Discretionary Trust help me?

Retirement Communities: What’s in Your Future?

Posted on: December 4, 2019 | By: David Parker, Esq.
No longer staid and boring, retirement homes offer dynamic options for seniors. Retirement communities are continually improving, by keeping seniors active with mental and physical exercises, while intertwining independent living and hands-on care.
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Eddie Van Halen left money to a foundation

Do I Need POD Account for my Checking Account?

Posted on: November 30, 2019 | By: David Parker, Esq.
Checking accounts don't necessarily require account holders to name a beneficiary.
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Choose your fiduciary wisely.

What Will New Acts of Congress Mean for Stretch IRA s?

Posted on: November 29, 2019 | By: David Parker, Esq.
I am concerned about the SECURE and RESA acts currently being considered in Congress. If either of them passes, my children will lose the inherited stretch IRA ability and face a much higher tax bill upon my demise.
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What doesn't Medicare cover.

The John R. Jakobson Estate Dispute

Posted on: November 28, 2019 | By: David Parker, Esq.
A new court filing designed to prevent the mistress of John R. Jakobson from testifying that he promised to leave Chicago PD actress Marina Squerciati some of his $100 million fortune, states the Wall Street mogul said she would get a 'big surprise' in his will.
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