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Estate Planning and Elder Law Blog

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New IRS portability rules

What’s a Death Tax?

Posted on: June 24, 2019 | By: David Parker, Esq.
Sometimes people confuse the estate tax with an income tax, but it is not a tax on income. It is a transfer tax imposed on the wealthy at death.
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Controlling Heirs from Beyond

What Do I Do With My Dad’s Timeshare When He Passes Away?

Posted on: June 24, 2019 | By: David Parker, Esq.
You may hear commercials for companies that say they can get you released from a timeshare purchase and lease agreements. If your parent passes away intestate (without a will) and owned a timeshare, you may not want it.
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Can a BDIT save you on taxes?

Did the Queen of Soul Leave a Will or Die Intestate?

Posted on: June 23, 2019 | By: David Parker, Esq.
Three handwritten wills have been found in one of the homes of the late Queen of Soul Aretha Franklin, all with a theme of providing for her four sons and even commentary involving others she felt were insincere or ‘grossly inefficient,’ according to the documents.
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What doesn't Medicare cover.

Three Children Named Co-Executors of Your Will?

Posted on: June 22, 2019 | By: David Parker, Esq.
Acting as an executor can be a tremendous amount of responsibility and a time-consuming duty.
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What doesn't Medicare cover.

Will Contests May Be Rare, but They Do Happen

Posted on: June 21, 2019 | By: David Parker, Esq.
If a person makes a Will when he does not have the mental capacity to make a Will or when he is so dominated by another that he can't make the Will that he wants to make, a Will contest often results.
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Retirement Plans for the over 50 crowd

What Does an Elder Care Attorney Really Do?

Posted on: June 20, 2019 | By: David Parker, Esq.
The best way to describe the job that an elder law attorney does, would be that they work to advocate for senior citizens and their loved ones.
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Work on your Estate Plan

Stan Lee’s Former Manager Arrested on Elder Abuse Charges

Posted on: June 18, 2019 | By: David Parker, Esq.
Stan Lee is sadly gone but the Marvel icon is far from forgotten, especially in the L.A. County District Attorney’s office.
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What doesn't Medicare cover.

Your Will Isn’t the End of Your Estate Planning

Posted on: June 16, 2019 | By: David Parker, Esq.
Your estate plan isn't finished just because your attorney has drawn up a will. Proper asset titling is the next step.
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Co-op and transferring to the kids

Inherited Family Home - Selling a Parent’s Home after They Pass

Posted on: June 15, 2019 | By: David Parker, Esq.
Dealing with the death of a parent is challenging but selling their home can be fraught with land mines, particularly if they die without a will.
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New RMD rules

Will the RMD Age Be Raised by New Legislation?

Posted on: June 14, 2019 | By: David Parker, Esq.
Sens. Ben Cardin, D-Md., and Rob Portman, R-Ohio, reintroduced legislation late Monday that would raise the required minimum distribution age from 70 ½ to 75 and also help workers pay off their student loans.
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