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Estate Planning and Elder Law Blog

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Estate Planning and divorce

If You’re Going to Die, You Need an Estate Plan

Posted on: October 23, 2019 | By: David Parker, Esq.
Estate planning sounds like you need to be of nobility and own country estates before it applies to you. However, estate planning only means that you are making a plan for when you pass away or are no longer able to make good decisions for yourself.
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Big COLA increase in 2023

If My Mom Wants to Give Me Her House, Is It Better to Inherit or Buy It?

Posted on: October 22, 2019 | By: David Parker, Esq.
It is very common for parents in later years to consider gifting their home or other real estate to their children during their lifetime
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Co-op and transferring to the kids

Mark Twain’s Estate Plan Went South, Despite His Efforts

Posted on: October 21, 2019 | By: David Parker, Esq.
I came in with Halley’s Comet in 1835. It is coming again next year, and I expect to go out with it. The Almighty has said, no doubt: ‘Now here are these two unaccountable freaks, they came together, they must go out together.’
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New rules for Hearing Aids .

When Should I Start Looking into Long-Term Care Insurance?

Posted on: October 18, 2019 | By: David Parker, Esq.
Healthcare can be a daunting prospect for seniors, namely because health issues can creep up as people age, and because Medicare comes with a lot of hidden costs that seniors aren't well-prepared for. However, if there's one health-related expense that can really catch retirees off-guard, it's none other than long-term care.
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Talk to your parents about their estate plan

How Will New Legislation Update Supplemental Social Security?

Posted on: October 17, 2019 | By: David Parker, Esq.
Lawmakers in the U.S. House of Representatives are looking to significantly increase that ceiling, with a bill introduced this month that would raise SSI’s asset limit to $10,000 for an individual and $20,000 for couples.
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S. Martin Gordon has retired. David Parker has taken over.

Posted on: October 16, 2019 | By: David Parker, Esq.
From the Desk of S. Martin Gordon attorney at law I wanted to share some recent news with you, my dear client. I have decided to merge my practice, S. Martin Gordon with my colleague, David Parker of the Parker Law Firm. The website address gordontrustlaw will shut down. As I considered the future, I […]
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What doesn't Medicare cover.

Must Spend Down an IRA Before I Can Apply for Medicaid?

Posted on: October 16, 2019 | By: David Parker, Esq.
Can a nursing home make a person who is in the home liquidate money in an IRA and spend it down to pay for care, before they can apply for Medicaid?
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Co-op and transferring to the kids

Do It Yourself Deeding Her Home Went Wrong–Fast

Posted on: October 15, 2019 | By: David Parker, Esq.
I want to divide my estate equally among their three children. I’ve mapped out a plan to dispose of my property without any probate whatsoever. I put it together from what I’ve read on the internet. It’s just marvelous what you can learn by Googling things, don’t you think?
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Does a trust provide asset protection ?

Should We Include Our Children in Our Charitable Giving Plans?

Posted on: October 14, 2019 | By: David Parker, Esq.
Apparently, your rich grandpa can’t donate his fortune to charity in peace.
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What Is a Pour-Over Will?

Posted on: October 13, 2019 | By: David Parker, Esq.
When you create a living trust, you also sign a pour-over will. One of the main benefits of a trust is avoiding a court proceeding on death called probate, which is when wills are used.
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