Informative Masterclass
How to Protect your Family’s Assets and Leave a Lasting Legacy
Save Your Spot Now!

White Plains & New City, New York Estate Planning & Elder Law Firm

Estate Planning and Elder Law Blog

Sort by Category:

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?

Michael Jackson Estate’s Big Win against IRS in Tax Court

Posted on: May 31, 2021 | By: David Parker, Esq.
A ruling that Michael Jackson’s image and likeness at the time of his death were worth about $157 million less than the IRS estimated warns the agency not to look too far down the road, when assessing the value of a celebrity’s estate.
Read More
What happened to Pat Bowlen 's estate?

Personal Property - How to Prevent Fighting over Baseball Cards?

Posted on: May 27, 2021 | By: David Parker, Esq.
When it comes to estate planning and deciding who gets what, most people concern themselves, understandably, with big-ticket items: investment accounts, real estate, business interests, etc. In doing so, it’s easy to overlook personal possessions, the seemingly mundane items that are part of daily life.
Read More
Elder Abuse continues.

How to Protect Loved Ones from Elder Abuse

Posted on: May 25, 2021 | By: David Parker, Esq.
The pandemic has kept our aging parents away from us and us away from them for over a year. This isolation is not total. Some people have access, some ignore warnings and some are intent on using the pandemic to hide their actions.
Read More
Big COLA increase in 2023

What Is the Main Purpose of a Irrevocable Trust?

Posted on: May 24, 2021 | By: David Parker, Esq.
Before you decide to put your home in an irrevocable trust, it is important to have a basic understanding of what you are doing and why.
Read More
What to know about guardianship ?

What Is the Purpose of an Estate Plan?

Posted on: May 18, 2021 | By: David Parker, Esq.
You can reduce stress and expenses for yourself and your family, if you develop an estate plan that includes these important documents.
Read More
Calculating Required Minimum Distribution

Can the Estate Tax Be Avoided with a Trust?

Posted on: May 17, 2021 | By: David Parker, Esq.
The estate tax exemption raised by the Tax Cuts and Jobs Act will sunset in five years—possibly sooner, as the new Congress gears up for a Biden tax overhaul.
Read More
Estate Planning and divorce

Divorce Proof Trust - I am Concerned That My Son-in-Law will get My Estate

Posted on: May 14, 2021 | By: David Parker, Esq.
You may love your son-in-law or daughter-in-law now, but that could change down the road. So, if you don’t want your money going to your child’s future ex, here’s what you should do.
Read More
Protect digital assets with New City estate planning

How Digital Assets Figure into Estate Planning

Posted on: May 12, 2021 | By: David Parker, Esq.
Estate planning isn't just about hard assets anymore. Who will read your email when you die?
Read More
New RMD rules

Retirement Accounts - What is not Covered by a Will?

Posted on: May 11, 2021 | By: David Parker, Esq.
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
Read More
What doesn't Medicare cover.

Does Executor have to Be a Family Member?

Posted on: May 10, 2021 | By: David Parker, Esq.
What happens if you don’t have any family to be personal representative? Other than a family member, who can be personal representative?
Read More
Stay Informed
Subscribe To Our FREE Estate Planning, Probate and Elder Law Newsletter

Book Your Free Initial Consultation With Parker Law Firm Today
Get Started Now

The 15 minute initial phone call is designed as a simple way for you to get to know us, and for our team to learn more about your unique estate planning needs.

Book an Initial Call
Book A Call With Parker Law Firm
Parker Law Firm
White Plains Location

222 Bloomingdale Rd #301,
White Plains, NY 10605

DIRECTIONS
New City Location

120 North Main Street, Suite 203,
New City, NY 10956

DIRECTIONS
IMS - Estate Planning and Elder Law Practice Growth Advisors
Powered by
crosschevron-rightcross-circle