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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.

Can a BDIT save you on taxes?

Update Will at These 12 Times in Your Life

Posted on: June 22, 2020 | By: David Parker, Esq.
It is also important to realize that it isn’t merely ‘why’ you are updating your will, but ‘when’ you are updating that can make all the difference.
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Annuity Beneficiaries

What’s the Problem with Actor Jeremy Renner’s Trust for His Daughter?

Posted on: June 16, 2020 | By: David Parker, Esq.
The in-court fights between Hawkeye actor Jeremy Renner and his ex-wife Sonni Pacheco have not slowed, despite current world events.
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New IRS portability rules

Don’t Shrink Your Estate with Last Minute Tax Planning

Posted on: June 15, 2020 | By: David Parker, Esq.
Estate planning strategies such as family limited partnerships and gifts to charitable trusts are part of an estate planning professional’s toolbox to achieve client goals, such as minimizing taxes, effectuating philanthropic plans, teaching younger generations about a family business and passing on wealth.
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What was in Ray Liotta 's Will

How Can Estate Planning Protect Me from COVID-19 ?

Posted on: June 11, 2020 | By: David Parker, Esq.
The ongoing pandemic has made everyone have to face some unpleasant realities, including the idea that one day we won’t be here anymore. Do you know how to make sure that your affairs are in order for your loved ones?
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New RMD rules

Should I Use My 401(k) in the Pandemic ?

Posted on: June 4, 2020 | By: David Parker, Esq.
My 401(k) has dropped $31,000 in three weeks. Should I borrow some now to prevent bigger losses?
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How does Portability work?

Estate Planning Options to Consider in Uncertain Times

Posted on: June 2, 2020 | By: David Parker, Esq.
External events that cause reflection are good reminders to update estate planning documents.
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New RMD rules

How the CARES Act has Changed RMDs for 2020

Posted on: June 1, 2020 | By: David Parker, Esq.
Here is what you need to know about delaying required withdrawals from a retirement account until 2021.
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Assistance for caregivers

Steps to Take When a Loved One Dies

Posted on: May 26, 2020 | By: David Parker, Esq.
When a member of your family dies, you could be left to pick up the financial pieces. Finding all the information you need can be challenging.
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What doesn't Medicare cover.

What Is a Testamentary Trust and Do You Need One?

Posted on: May 25, 2020 | By: David Parker, Esq.
Utilization of a testamentary trust for the surviving spouse is an excellent idea, whether the survivor is the husband or wife.
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Disinhering a Child, what to know.

What Should I know about Durable Power of Attorney?

Posted on: May 22, 2020 | By: David Parker, Esq.
Has a loved one named you their financial power of attorney? Are you ready to take on all the responsibilities that entails? Hopefully, you won’t be called into action anytime soon, but with the coronavirus pandemic continuing, it’s something to think about.
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