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Estate Planning and Elder Law Blog

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How do you pass a certificate of deposit without a Will.

The Big Problem with Do It Yourself Wills

Posted on: May 16, 2019 | By: David Parker, Esq.
These documents could save money but can lay estate planning traps.
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Your kids can help as co-trustee

When your spouse cheats on you financially.

Posted on: May 13, 2019 | By: David Parker, Esq.
No matter how much you might dislike dealing with the bills and other financial matters, you have to protect your future, so that you will not be destitute when you retire.
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Estate Planning and Second Marriage

Here’s Why You Need a Health Care Directive

Posted on: May 13, 2019 | By: David Parker, Esq.
As a cognitively healthy adult, you have the right to be informed about the state of your health and make your own decisions about medical treatment. What happens, however, if you become unable to voice your own decisions?
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Open enrollment mistakes

Beneficiary Designations - What are Common Mistakes?

Posted on: May 12, 2019 | By: David Parker, Esq.
You may be surprised at how easy it is to make an expensive mistake with your beneficiary designations.
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What debts are owed when parents die?

Figuring Out A Parent’s Financial Life, When They Cannot

Posted on: May 11, 2019 | By: David Parker, Esq.
Statistics tell us that it is very likely one or both of our parents will end up in a nursing home or rehabilitation center for an extended period. If you’re like most people, you do not know a whole lot about your parent’s finances.
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CDPAP will pay you to take care of Mom.

How ABLE Accounts Work for People with Disabilities

Posted on: May 10, 2019 | By: David Parker, Esq.
New rules let some individuals put away more money in these plans, while still preserving their benefits.
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Black Americans need planning

Healthcare Proxy - How to Decide Who Should Pick?

Posted on: May 9, 2019 | By: David Parker, Esq.
No matter our age, it makes a lot of sense to name a healthcare proxy, someone to make critical medical decisions for us in a crisis.
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Slow walking and dementia

Does A No Contest Clause Really Mean No Contest?

Posted on: May 6, 2019 | By: David Parker, Esq.
The trust has a no-contest clause and a lawyer my brother consulted with said that the risk is too great for the return.
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Paying for Funeral Expenses

Family Vacation Home -The Best Way to Pass to the Next Generation?

Posted on: May 4, 2019 | By: David Parker, Esq.
Before gifting a holiday property, an individual or couple (who can gift up to $22.8 million against their lifetime estate-tax exclusion through 2025), should find out whether their children want it.
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What doesn't Medicare cover.

Elder Abuse -The People They Trust, Rip Off Seniors the Most

Posted on: May 3, 2019 | By: David Parker, Esq.
The sad truth is that the people they should be able to trust the most, take the lion’s share of the money from older adults.
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