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Big COLA increase in 2023

Estate Planning Documents and Medicaid Planning

Posted on: May 24, 2019 | By: David Parker, Esq.
People frequently hear that they should visit their attorney to have their wills and other important legal documents prepared, but many people procrastinate. Therefore, if you’re in that group, do not feel like you’re alone.
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New rules for Hearing Aids .

Property Transfers and Gift Taxes: Estate Planning Basics

Posted on: May 23, 2019 | By: David Parker, Esq.
Now that you rented your old house to your daughter, that home may be considered a rental home on your federal income tax. You get to treat that as an investment property and can take some of the tax advantages available to investors, including taking depreciation on the home, deducting expenses for the upkeep, as well as deducting real estate taxes and other expenses.
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New rules for Hearing Aids .

Senior Living - How to Start the Process of Moving

Posted on: May 20, 2019 | By: David Parker, Esq.
When you have a close relative or friend who might benefit from moving into a development for aging adults, you might not know how to go about getting from where he is now to settling him into the community of his dreams.
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What doesn't Medicare cover.

Why is Angelina Jolie Leaving Her Total Estate to Just One of Her Kids?

Posted on: May 20, 2019 | By: David Parker, Esq.
Angelina Jolie has reportedly laid out the details of her estate, according to Radar Online, revealing that she plans to leave her $116 million-dollar fortune to only one of her six children, her son Maddox.
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Calculating Required Minimum Distribution

Kids Going to the Mom and Dad ATM One Time Too Many?

Posted on: May 19, 2019 | By: David Parker, Esq.
Genuine dependency does not include creating a tradition of Sunday family dinners or having Mom do one’s laundry occasionally. However, both children and parents should realize that being independent should not include frequent financial loans or paying a grown-up child’s regular expenses, such as rent or phone bills.
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Talk to your parents about their estate plan

Why Do I Need an Executor?

Posted on: May 18, 2019 | By: David Parker, Esq.
One of the main components of a Will, is the portion where the person making the Will (the Testator) names the Executor.
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Black Americans need planning

Advance Care Directive Protects You and Your Family

Posted on: May 17, 2019 | By: David Parker, Esq.
There may be only one conversation more difficult than telling children the facts of life. It’s telling loved ones what you want at the end of life.
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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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