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Estate Planning and Elder Law Blog

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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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The Art of Being a Smart Snowbird

Posted on: October 12, 2019 | By: David Parker, Esq.
In the next few months, thousands of northerners — so-called “snowbirds” — will escape their snowy, cold climates to spend the winter in warm, sunny spots in the southern or western part of the United States.
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Is It Safe to Drive with Age-Related Hearing Loss?

Posted on: October 11, 2019 | By: David Parker, Esq.
Audiology experts say that most people with hearing impairment can be safer drivers, if they follow these recommendations.
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Estate Planning and Second Marriage

What are Some Estate Planning Tips for Couples Without Children?

Posted on: October 10, 2019 | By: David Parker, Esq.
If you and your spouse are child-free, you may think you don't need to think about comprehensive estate planning—but you'd be wrong. You'll still want to ensure your assets go where you'd like them to after you're gone, rather than being divvied up by the state.
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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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