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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.

Yvon Chouinard ’s Gift will Grow

Should I Create an LLC for Estate Planning ?

Posted on: July 22, 2020 | By: David Parker, Esq.
Somewhere between a corporation and a partnership lies the limited liability company (LLC). This hybrid legal entity is beneficial not just for small-business owners but is also a powerful tool for estate planning.
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New IRS portability rules

Should I Write My Will During the Pandemic ?

Posted on: July 21, 2020 | By: David Parker, Esq.
If the coronavirus has taught us anything, it’s that writing a will may be as important as hand washing and using hand sanitizer.
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Yvon Chouinard ’s Gift will Grow

Save Your Family Stress and Plan Your Funeral

Posted on: July 18, 2020 | By: David Parker, Esq.
The death care industry — yep, it’s got its own industry moniker — is an estimated $20 billion business.  Service Corporation International, a publicly traded company that operates 1,475 funeral homes and 483 cemeteries in 44 states, pulled in more than $3.2 billion in revenue in the past 12 months.
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Finding an Elder Law Attorney

What Can a Strong Estate Planning Attorney Help Me Accomplish?

Posted on: July 15, 2020 | By: David Parker, Esq.
Too many people mistakenly believe that to have a need for estate planning, you must be old and wealthy. Nothing could be farther from the truth. Once you are a mature adult, independent, and income-producing, it is time to assume the responsibilities of preparing for your future. High on the list is preparing an estate plan with a clear understanding that your plan will be revised to adapt to changing circumstances.
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Can a BDIT save you on taxes?

Full Retirement Age Working and Collecting Social Security Benefits

Posted on: July 14, 2020 | By: David Parker, Esq.
For most Americans, Social Security plays an important role in maintaining retirement security. The benefit payments represent an income stream that is free of default, investment, inflation and longevity (outliving your money) risks.
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Talk to your parents about their estate plan

Keeping Yourself and Loved Ones Safe during the Coronavirus Pandemic

Posted on: July 12, 2020 | By: David Parker, Esq.
Seniors are especially at risk during the coronavirus pandemic. The numbers are shocking.
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Is there a step-up-in-basis for real estate?

Distributing Property Can Mom Leave a Home to Daughter but Not Grandchildren?

Posted on: July 11, 2020 | By: David Parker, Esq.
If you want a legal plan that avoids probate court, there are two options: first, an enhanced life estate deed, and second a living trust. Each has its pros and cons.
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Cameras in assited living facilities

Why You Need Advance Directives Right Now

Posted on: July 10, 2020 | By: David Parker, Esq.
COVID-19 is quickly becoming the leading cause of death in the United States. As of today, Indiana has over 37,000 cases of COVID-19 and over 2,100 deaths. That is why articulating your wishes regarding end-of-life health care, is more important than ever.
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Eddie Van Halen left money to a foundation

What are the Most Important Items in an Estate Plan During COVID-19 ?

Posted on: July 9, 2020 | By: David Parker, Esq.
Estate planning is the process of arranging, while you are alive, what will happen to your estate, your children and your wealth after you die.
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How does Portability work?

What’s the Best Way to Make a Life Insurance Claim ?

Posted on: July 3, 2020 | By: David Parker, Esq.
There might be a time in your life when someone you know pulls you aside at a family gathering and says that you’re the designated beneficiary of their life insurance policy.
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