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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.

Estate planning for physicians

Is It Important for Physicians to Have an Estate Plan?

Posted on: March 30, 2022 | By: David Parker, Esq.
Given their salaries and the chances of getting sued, physicians should strongly consider estate planning early in their careers.
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Estate Planning is one part of Elder Law

How Do I Protect Myself and My Children in a Second Marriage?

Posted on: March 29, 2022 | By: David Parker, Esq.
Who’s going to inherit on the death of one of the re-marrieds? Will this be the surviving spouse? If so, where will those inherited monies go on the second-to-die’s death?
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New RMD rules

What Can I Do Instead of a Stretch IRA?

Posted on: March 28, 2022 | By: David Parker, Esq.
Leaving behind a huge tax bill for your heirs with the stretch IRA scuttled? Here are some ways around it as lawmakers consider an updated SECURE Act.
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Unmarried Couples and estate planning

Are Millennials Estate Planning?

Posted on: March 16, 2022 | By: David Parker, Esq.
As the coronavirus pandemic increased anxiety and upended many lives, it led U.S. millennials to get more serious about end-of-life planning.
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What wrong with the Presley estate?

What Does Estate Plan Include?

Posted on: March 14, 2022 | By: David Parker, Esq.
A will is first. In essence, a will spells out who will get your stuff, in what proportions they will get it and in some instances at least, upon what conditions.
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What wrong with the Presley estate?

What If an Estate Owes Back Taxes?

Posted on: March 11, 2022 | By: David Parker, Esq.
My mother passed, and she was an administrator of my grandfather’s estate and the inheritances. The estate accumulated quite a bit of back taxes over the years. Will the IRS put a lien on that estate as well as hers to retrieve funds?
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A Special Needs Trust can protect your child.

How Do Help My Grandchild with Special Needs?

Posted on: March 10, 2022 | By: David Parker, Esq.
Estate planning is not a requirement. No one can force you to make your will, create a power of attorney or to own your property in a way to avoid probate. As a result, people too often let common estate planning excuses stand in their way.
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How Probate Court works.

Do I Need an Attorney for Probate?

Posted on: March 8, 2022 | By: David Parker, Esq.
A competent elder law or estate attorney can discuss and use, where appropriate, such provisions as the family exemption, benefits to prepaying inheritance tax, even where the tax return is not yet complete and a listing of itemized deductions.
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Estate Planning for a Millennial

Does Marriage have an Impact on a Will?

Posted on: March 7, 2022 | By: David Parker, Esq.
Being married is significant both for a married person’s lifetime estate planning and subsequent administration of the estate at death. Important rights and responsibilities exist between married persons.
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Black Americans need planning

Why Do So Few Black Americans Have Wills?

Posted on: March 3, 2022 | By: David Parker, Esq.
When actor Chadwick Boseman died, he didn’t have a will. Neither did recording artists Prince and Aretha Franklin. Each time the news broke, there was surprise that such notable names hadn’t made estate plans. Yet, estate planning isn’t as common as experts argue it should be, particularly among Black Americans.
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