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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.

How does Portability work?

Exemptions Before They’re Gone—Estate Planning Strategies

Posted on: November 16, 2021 | By: David Parker, Esq.
If you have not already been inundated with invitations to webinars, articles and newsletters regarding the estate planning you should consider doing before new legislation passes, you undoubtedly will receive these over the next few months.
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Can your love ones be disinherited ?

How Do I Align Retirement Planning with Planning for a Special Needs Child?

Posted on: November 15, 2021 | By: David Parker, Esq.
As parents of children with special needs age, they should revisit the decisions they made—sometimes many years ago—regarding guardianship, beneficiarie, and other aspects of their child’s care.
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A Special Needs Trust can protect your child.

How Can I Pass Wealth to Heirs like My Children and Grandchildren?

Posted on: November 10, 2021 | By: David Parker, Esq.
Inherited assets come with benefits, along with some burdens
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Communication in estate planning

Do You Need a Revocable or Irrevocable Trust?

Posted on: November 9, 2021 | By: David Parker, Esq.
On the surface, the difference between revocable and irrevocable trusts couldn’t be any more straightforward. You can change your revocable trust whenever and however you choose. You can’t change your irrevocable trust at all.
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Talk to your parents about their estate plan

Talk to Parents about Estate Planning without Making It Awkward

Posted on: November 8, 2021 | By: David Parker, Esq.
Discussing estate planning with your parents is a conversation that can be difficult to have. You might not want to think about the day they are no longer here, or even consider that they might experience a decline in health that severely limits their ability to think clearly or communicate with you.
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How Does Influenza become Life-Threatening and What Can I Do to Protect Myself?

Posted on: November 4, 2021 | By: David Parker, Esq.
Influenza itself can be deadly in vulnerable patients due to difficulties in breathing and dehydration. However, complications like pneumonia are the real killers.
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What doesn't Medicare cover.

What is the Difference between a Trust and a Will?

Posted on: November 3, 2021 | By: David Parker, Esq.
No one relishes the thought of the day they pass away and leave all their worldly possessions behind. However, it’s a certainty that no one can avoid. Thankfully, you have options for planning for what happens to your estate, including a will or a family trust.
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Geriatricians are specialist in elder care

Estate Planning - Why Do Families Fail when Transferring Wealth?

Posted on: November 2, 2021 | By: David Parker, Esq.
Over the next 25 years, analysts anticipate $68 trillion to be passed down to younger generations and charities. While the importance of legacy planning is not limited to the forthcoming Great Wealth Transfer, it does spotlight the significant amount of wealth that has been created, primarily by Baby Boomers, and the need to transition these assets thoughtfully.
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What is a POD account ?

Joint Account - Can I Give My Child Access to My Bank Account?

Posted on: November 1, 2021 | By: David Parker, Esq.
Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
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Can a BDIT save you on taxes?

Will Inflation Ruin My Retirement?

Posted on: October 29, 2021 | By: David Parker, Esq.
As America’s economy reopens, we’re seeing higher inflation rates. This unwelcome surge should prompt retirees to consider the threat it could pose to their financial security.
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