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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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Bruce Springsteen sold his music catalog

Why the Secure Act May Make Your Retirement Less Secure

Posted on: August 9, 2019 | By: David Parker, Esq.
The Secure Act would upend 20 years of retirement planning and stick it to the middle class.
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How can a Discretionary Trust help me?

The Secret to Spousal Benefits for Social Security

Posted on: August 8, 2019 | By: David Parker, Esq.
Understand how Social Security spousal benefits work to make the most of your retirement funds.
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A family meeting to discuss planning

How to Talk with Your Aging Parents or Adult Children About Money

Posted on: August 7, 2019 | By: David Parker, Esq.
The important thing is that you communicate respectfully with each other. Being able to discuss these personal topics, can strengthen your relationships and give peace of mind to everyone involved.
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Talk to your parents about their estate plan

Should I Roll A 401(k) into a Variable Annuity or Fixed Annuity?

Posted on: August 5, 2019 | By: David Parker, Esq.
Many annuities cannot be passed on to a beneficiary; any money left in them when you die goes to the insurance company.
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Keep your estate plan organized

How to Locate or Get Copies of Your Aging Relative’s Misplaced Documents

Posted on: August 3, 2019 | By: David Parker, Esq.
You might be amazed at some of the bizarre places that people put their documents. It would take you a month of Sundays to find the papers if the person had not told you where to look.
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A pet trust can care for your pets after your death

Does Your Estate Plan Include Your Pet Trust ?

Posted on: August 2, 2019 | By: David Parker, Esq.
A pet trust is a legal arrangement that specifies how your animal companions would be cared for and taken care of financially if you pass away, or if you become ill or disabled and can no longer take care of them yourself.
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