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Plan now so the surviving spouse is not in a bind.

Your Spouse Just Died … Now What?

Posted on: October 9, 2019 | By: David Parker, Esq.
In many relationships, it’s common for one spouse to play money manager and the other to take a more passive role. This, however, can lead to major complications, when the financially dominant partner dies first.
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New IRS portability rules

Can I Deduct Long-Term Care Expenses on My Tax Return?

Posted on: October 8, 2019 | By: David Parker, Esq.
The staggering costs of long-term care can wreak havoc on your retirement savings. According to the U.S. Department of Health and Human Services, about 27% of Americans turning 65 this year will incur at least $100,000 in long-term-care costs, while 15% will require care costing more than $250,000. That’s a hard pill for most seniors to swallow.
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Can I get less in Social Security ?

Is Medicare Coverage Free?

Posted on: October 7, 2019 | By: David Parker, Esq.
After paying into Medicare through payroll withholding for many years, you might think your coverage will be free once you turn 65. You’d be wrong.
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How can I protect my real estate asset

Bargain and Sale Deed - Which is the Right Deed to Use?

Posted on: October 6, 2019 | By: David Parker, Esq.
Two of the most widely used deeds in real estate are quitclaim deeds and warranty deeds. Keep reading to learn about these two types of deeds and how they work—and what’s at stake if you choose the wrong one.
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What doesn't Medicare cover.

Can You Make a Temporary Change to a Will?

Posted on: October 5, 2019 | By: David Parker, Esq.
I admit that this question stumped me. It was not so much because of what you are asking, but rather why you are asking it in the first place. I’ve tried to come up with a scenario why someone would want to change their will temporarily, but I have come up blank.
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When shopping for funeral services, be wary.

Managing an Aging Parent’s Financial and Legal Life

Posted on: October 4, 2019 | By: David Parker, Esq.
If elderly parents aren’t good at record-keeping, a family member will need to identify this information and keep it in a place where it can be referenced when needed.
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special needs planning

What if a beneficiary is not a citizen?

Posted on: September 27, 2019 | By: David Parker, Esq.
The father of my three children died with no will. We were divorced. He owns a house and was married in the Philippines about two years ago. However, his new wife has not been given entrance to the U.S. What happens to his estate?
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Andre Zarre 's Will Contest

What Are My Estate Planning Checklist?

Posted on: September 26, 2019 | By: David Parker, Esq.
Estate planning is not only for the wealthy—everybody can benefit from ensuring their assets and finances are properly taken care of after their death.
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What was in Ray Liotta 's Will

Can Charles Manson’s Heirs Get Profits from the manson killing?

Posted on: September 25, 2019 | By: David Parker, Esq.
Profits from the use of a song written by notorious cult leader Charles Manson in Once Upon A Time…In Hollywood are poised to go to the killer’s grandson, against director Quentin Tarantino’s wishes.
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Does My Business Need a Succession Plan?

Posted on: September 24, 2019 | By: David Parker, Esq.
As a small business owner, you should be thinking about your succession plan. A succession plan—or exit plan—is the strategic transferring of management roles or ownership of the company to others, whether it be a family member, an employee or an outside party.
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