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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

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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Keep your estate plan organized

What You Should Know about Constructive Trusts

Posted on: July 2, 2020 | By: David Parker, Esq.
A constructive trust isn’t a trust in the traditional sense. For example, if you were creating a revocable living trust there are certain steps you’d need to take, including drawing up the trust document, naming a trustee, choosing beneficiaries and transferring property or other assets to the trust. This type of trust could be used to manage your assets during your lifetime and beyond, on behalf of your beneficiaries.
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When the Ward turns 18.

How Can You Disinherit a Child and Be Sure it Sticks?

Posted on: June 29, 2020 | By: David Parker, Esq.
Parents may delay creating an elder law estate plan, because of the in-law issue. Some parents are unfortunately estranged from an adult child, only because of the problematic son-in-law or daughter-in-law.
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