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Estate Planning and Elder Law Blog

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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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Should a Trust be irrevocable or revocable

Irrevocable Trust - Can It be Revoked?

Posted on: May 2, 2019 | By: David Parker, Esq.
Can an irrevocable trust be revoked?
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Durable Health Care Power of Attorney

Surviving Spouse Needs An Estate Plan such as a Revocable Trust

Posted on: April 26, 2019 | By: David Parker, Esq.
What’s going to happen when you die? If your husband died without a will, you probably don’t have an estate plan of your own. Get one.
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Eddie Van Halen left money to a foundation

What Are the Common Myths of Powers of Attorney?

Posted on: April 25, 2019 | By: David Parker, Esq.
While most of us have heard of a power of attorney, many have misconceptions about them.
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