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Work on your Estate Plan

For Alzheimer’s Patients, Advance Planning Key

Posted on: August 28, 2019 | By: David Parker, Esq.
Talks about money and long-term care wishes can be tough enough. However, when a loved one is suffering from memory loss, advocates say there is no time to waste.
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What was in Ray Liotta 's Will

What to Know Before Becoming an Executor?

Posted on: August 27, 2019 | By: David Parker, Esq.
While it is an honor to be selected as an executor, executing a will takes more work than you might think.
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What doesn't Medicare cover.

Is a Will Contest Worth It?

Posted on: August 26, 2019 | By: David Parker, Esq.
You never expected your mother to leave you a fortune, but you thought that she’d leave you something when she passed. Did a sneaky cousin have something to do with it? What do you do now?
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Work on your Estate Plan

How Much Will Long-Term Care Cost ?

Posted on: August 19, 2019 | By: David Parker, Esq.
Many people are frightened of long-term care costs—for good reason.
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Big COLA increase in 2023

How Does an ILIT Work?

Posted on: August 16, 2019 | By: David Parker, Esq.
An irrevocable life insurance trust (ILIT) can provide peace of mind, as you start your estate planning process. If you have a sizable estate or young beneficiaries, an ILIT can provide control over a life insurance policy that a last will and testament may not.
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Talk to your parents about their estate plan

Why a Living Will Should Be Part of Your Estate Plan

Posted on: August 15, 2019 | By: David Parker, Esq.
What are Medical Advance Directives and what is the difference between a Living Trust and Living Will?
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Eddie Van Halen left money to a foundation

When You Might Want to Take Social Security Early

Posted on: August 14, 2019 | By: David Parker, Esq.
Although it’s common to point out why it might make sense to delay taking Social Security benefits, there are legitimate reasons for some people to claim their benefits sooner rather than later.
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What doesn't Medicare cover.

How Do I Name a Trust as the Beneficiary of an IRA?

Posted on: August 13, 2019 | By: David Parker, Esq.
When you set up an IRA with a brokerage, you’ll usually be asked to designate a beneficiary. This is where you would enter the trust as your beneficiary, should that be the option you choose.
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How does Portability work?

What is Portability and How Does It Impact Estate Planning?

Posted on: August 12, 2019 | By: David Parker, Esq.
There is often a great deal of confusion about the term “estate taxes” when someone passes away. What exactly are they? Who pays them? When are estate taxes due? How do they get paid and to whom?
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5 biggest mistakes for beneficiaries

What Can I Do with a Trust to Help My Children with Inherited assets?

Posted on: August 10, 2019 | By: David Parker, Esq.
There are mechanisms that you can put in place through a trust to help your children become financially responsible with their inheritance.
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