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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.

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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Can a BDIT save you on taxes?

What Is Justin Timberlake Doing with His Estate Planning?

Posted on: June 29, 2022 | By: David Parker, Esq.
Justin Timberlake is cashing his chips in at the window.
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NFT's and estate planning

Your Cryptocurrency and NFTs Need to Be Included in Your Estate Plan

Posted on: June 28, 2022 | By: David Parker, Esq.
Handled incorrectly, these popular assets could go poof. You need a password-sharing plan, a plan for naming beneficiaries and possibly a trust.
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Firearms and estate planning

Can My Firearms Be Part of Estate Plan?

Posted on: June 27, 2022 | By: David Parker, Esq.
Firearms are unique in this regard; guns are the only item of personal property that carry an inherent risk of legal peril, including potential criminal liability, so careful and deliberate planning is warranted.
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Estate Planning for a Millennial

What Exactly Is a Prenup ?

Posted on: June 23, 2022 | By: David Parker, Esq.
Signing a prenup doesn’t indicate that you don’t have faith in your marriage, just like buying car insurance doesn’t mean you expect to get in a crash.
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Can a BDIT save you on taxes?

What Sparks a Will Contest ?

Posted on: June 22, 2022 | By: David Parker, Esq.
Some people draft wills or trusts to ensure that the loved ones they will eventually leave behind own a piece of the properties the former will be leaving behind in case of their death.
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