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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.

A Special Needs Trust can protect your child.

Does a Supplemental Needs Trust have an Impact on Government Benefits?

Posted on: June 21, 2022 | By: David Parker, Esq.
For disabled persons receiving financially based government benefits, supplemental needs trusts (‘SNTs’) can safeguard benefits and serve as an effective estate planning tool.
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What wrong with the Presley estate?

What Is the Proposed IRS Anti-Clawback Provision?

Posted on: June 20, 2022 | By: David Parker, Esq.
The Treasury Department is on the cusp of changing a taxpayer-friendly regulation regarding federal estate taxes, but there’s no need to panic. As long as taxpayers can show that their gifts are truly gifts, they should not be affected by the revision.
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Napping and senior health

Elderly Woman Thanks Firefighters for Ride to Visit Husband at Nursing Home

Posted on: June 17, 2022 | By: David Parker, Esq.
An 87-year-old woman stranded for hours by a taxi company was given a free ride home in a fire engine, thanks to San Diego firefighters who noticed she was in distress.
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Finding a Gret Estate Planning Lawyer

How to Find a Great Estate Planning Lawyer

Posted on: June 16, 2022 | By: David Parker, Esq.
One of the most important decisions you’ll have to make when creating an estate plan is which estate planning law firm to work with.
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A safe deposit box isn't a good choice

Irrevocable ? What are Benefits of Putting Money into a Trust?

Posted on: June 15, 2022 | By: David Parker, Esq.
Grantor retained annuity trusts, intentionally defective grantor trusts, spousal lifetime access trusts, oh my! If you overhear two estate planning attorneys at a coffee shop, it would not be unreasonable to think that all clients have estate plans filled with trusts.
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Maureen McGovern and her illness

What Happens Financially when a Spouse Dies?

Posted on: June 14, 2022 | By: David Parker, Esq.
When you lose your mate, you lose so much—your best friend, your equilibrium and your future together. Just when you’re at your lowest, it hits you: You could lose a lot of money, too.
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Teeth and senior health

Can Life Insurance Help Estate Planning for Women?

Posted on: June 9, 2022 | By: David Parker, Esq.
Women are receiving increased recognition for the critical roles they serve in society. This increased recognition leads to greater awareness of women’s financial challenges and the financial industry’s solutions to those challenges.
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How does Portability work?

Is a Roth Conversion a Good Idea when the Market Is Down?

Posted on: June 6, 2022 | By: David Parker, Esq.
Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. However, there may be a bright spot: the chance to save money on a Roth conversion.
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New rules for Hearing Aids .

Why Have a Joint Revocable Trust?

Posted on: May 31, 2022 | By: David Parker, Esq.
Establishing a joint revocable trust can be an ideal estate planning tool for the benefit of your children, grandchildren and beyond.
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What doesn't Medicare cover.

Should I have Revocable Living Trust in Estate Plan?

Posted on: May 26, 2022 | By: David Parker, Esq.
A revocable living trust is a great tool to help your assets pass smoothly to your beneficiaries. It can also significantly reduce the headaches of probate. However, while some assets belong in a trust, others cannot (or should not) go into one.
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