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Estate Planning and Elder Law Blog

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Category: Estate Planning

Estate planning services refer to the process of managing and distributing one's assets and properties after their death, in a way that ensures the smooth transfer of wealth to the intended beneficiaries while minimizing taxes and other expenses. Estate planning services may include drafting legal documents such as wills, trusts, and powers of attorney, as well as providing guidance and advice on strategies for asset protection and wealth transfer. These services may be provided by lawyers, financial advisors, or other professionals with expertise in estate planning. Effective estate planning can help individuals achieve their long-term financial goals and provide peace of mind for themselves and their loved ones.

What are Non-Traditional Options for Long-Term Care Insurance?

Posted on: July 15, 2022 | By: David Parker, Esq.
There are other types of policies and investments that you can use to get long-term care benefits.
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How Do I Set Up a Funeral Trust?

Posted on: July 14, 2022 | By: David Parker, Esq.
Setting up a funeral trust requires that a consumer take reasonable precautions and understand the process.
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What Common Mistakes are Made with Living Trusts?

Posted on: July 13, 2022 | By: David Parker, Esq.
Of course, just because you have a living trust doesn't mean you're all set. Here are a few of the most common mistakes people make with their living trusts.
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New RMD rules

RMD Formula Changes for First Time in 20 Years

Posted on: July 12, 2022 | By: David Parker, Esq.
The IRS has good news for retirees: you can now keep more money in your tax-deferred retirement accounts thanks to lower required minimum distributions (RMDs).
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A Special Needs Trust can protect your child.

How Do Special Needs Trusts Work?

Posted on: July 11, 2022 | By: David Parker, Esq.
Special needs trusts can help fund quality-of-life improvements for the beneficiary, such as a phone, a trip or a private room in a group care facility.
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Co-op and transferring to the kids

Should You Consider a Reverse Mortgage? “”

Posted on: July 7, 2022 | By: David Parker, Esq.
Many of the negatives have been addressed with federal insurance and oversight. At the least, they’re worth considering for people who are cash poor and house rich.
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What doesn't Medicare cover.

What Is Better, a Trust or a Will?

Posted on: July 6, 2022 | By: David Parker, Esq.
Preparing an estate plan for managing and distributing your assets in the case of death is one of the most important steps you could take to protect and provide for loved ones.
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A safe deposit box isn't a good choice

Safe Deposit Box - How Do I Store Estate Planning Documents?

Posted on: July 5, 2022 | By: David Parker, Esq.
A common dilemma that families face upon the incapacity or death of a loved one is locating estate planning documents. While preparing the documents are the most important step, that is irrelevant if the documents are lost when they most need to be used.
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When shopping for funeral services, be wary.

What Should I Know About Buying Funeral Services?

Posted on: July 1, 2022 | By: David Parker, Esq.
People shopping for funeral or cremation services may be particularly vulnerable to overpaying or being swindled, which is why experts say it is important to be cautious when making those decisions.
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What Did the Rolling Stones’ Charlie Watts Say in His Will?

Posted on: June 30, 2022 | By: David Parker, Esq.
Rolling Stones star Charlie Watts has left £30million of his fortune to his family, UK probate papers have shown.
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