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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 Should I Know about Graves’ Disease?

Posted on: March 23, 2023 | By: David Parker, Esq.
Graves' disease is one of the causes of hyperthyroidism (overactive thyroid). It's caused by an autoimmune attack on the thyroid gland that leads to the overproduction of thyroid hormones.
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How Should I Handle Memorabilia in My Estate Planning?

Posted on: March 22, 2023 | By: David Parker, Esq.
Memorabilia collections, by their nature, are specialized and unique. When considering your estate planning, it's important to think about what you require of your beneficiaries — if you’re not planning on selling your collection — and how you can make that process as easy as possible for your family. What will your spouse or children have to deal with as they dispose of the items?
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Family Secrets and Estate Planning

Do Family Secrets Hurt Estate Planning?

Posted on: March 21, 2023 | By: David Parker, Esq.
A study by the financial services research firm reveals just how big a problem family secrets can be, as reported in Financial Advisor’s recent article “Family Wealth Transfers Undermined by Secrecy.” Most asset holders plan to share their wishes and intentions with family members before they die. However, the research reveals only about half actually…
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Estate Planning for a Millennial

Three Ways to Making Trusts Millennial Friendly

Posted on: March 20, 2023 | By: David Parker, Esq.
If your estate plan benefits Gen Y (also known as Millennials) it’s important to design a trust that supports what makes them thrive.
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Finding an Elder Law Attorney

What to Ask a Prospective Elder Law Attorney

Posted on: March 15, 2023 | By: David Parker, Esq.
A consultation is an initial meeting with a lawyer. During this meeting, you can discuss your unique situation and your concerns.
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Estate Planning and divorce

Does Divorce Have an Impact on Estate Planning?

Posted on: March 14, 2023 | By: David Parker, Esq.
When you're in the midst of a divorce, you're probably not thinking about estate planning or your will. However, if you're divorcing, you should think about the impact a divorce can have on an estate plan.
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What wrong with the Presley estate?

Beneficiary Battle over Presley Estate Reveals Possible Problems in Estate Planning

Posted on: March 13, 2023 | By: David Parker, Esq.
A badly in debt woman dies leaving the proceeds of substantial insurance policies to her children only to have her trust contested by relatives who claim an amendment naming the children as beneficiaries is invalid with no witnesses, misspelled names, suspicious signatures and was never given to previous trustees for review as required by agreement. A long, expensive, and protracted legal battle likely is brewing.
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Co-op and transferring to the kids

Can a Power of Attorney Withdraw Money from Bank Account?

Posted on: March 8, 2023 | By: David Parker, Esq.
The first step in understanding whether a power of attorney can transfer money to themselves is to understand the different types of power of attorney.
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What Should Seniors Know before Remarrying?

Posted on: March 7, 2023 | By: David Parker, Esq.
As the calendar turned to 2023, many of us took a moment to think about resolutions. I want to lose 10 pounds. I want to read things that aren’t just about work. I want to learn how to play pickleball. Or maybe this year I’ll give a relationship another shot. Maybe I’ll even remarry.
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Calculating Required Minimum Distribution

What are Required Minimum Distribution Rules for 2023?

Posted on: March 6, 2023 | By: David Parker, Esq.
The SECURE 2.0 Act, which was signed into law in December 2022, changes the RMD rules for retirement savers beginning in 2023.
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