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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.

Big COLA increase in 2023

The Coronavirus and Estate Planning

Posted on: April 7, 2020 | By: David Parker, Esq.
The rapidly evolving coronavirus (COVID-19) crisis is creating a plethora of unique estate planning and legal challenges across the globe, particularly given the volatility of the financial markets.
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An elder law attorney can help with paying for a nursing home

Coronavirus Caregiving Tips : Keeping Ourselves and Our Elderly Loved Ones Safer

Posted on: April 6, 2020 | By: David Parker, Esq.
If you’re caring for an older loved one, you might be worried. Here is what you need to know to keep elderly people safer, and what to do if they do show symptoms of COVID-19.
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What about a second beneficiary ?

What Do I Need to Know Before I have Mom Move in with My Family ?

Posted on: April 2, 2020 | By: David Parker, Esq.
Young adult children sometimes boomerang back to the safety of a parent’s home when money is tight, the going is tough or difficult times loom. Decades later, middle-aged children often become the safety net for their parents. For some aging parents, the right move is into their adult child’s home.
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What was in Ray Liotta 's Will

Revocation of Living Trust How Does That Work?

Posted on: April 1, 2020 | By: David Parker, Esq.
The basic steps involved in revoking a revocable trust are fairly simple and include the transfer of assets and an official document of dissolution.
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Legal Documents for College

C19 UPDATE: CDC Updates Business Response to Coronavirus

Posted on: March 31, 2020 | By: David Parker, Esq.
C19 UPDATE: CDC Updates Coronavirus Guidance for Businesses As we learn more about the coronavirus the Centers for Disease Control (CDC) is updating the guidance they give to business owners and employers. They issued updates on Friday, March 21st to include Updated cleaning and disinfection guidance Updated best practices for conducting social distancing Updated strategies…
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What doesn't Medicare cover.

C19 UPDATE: Are Online Wills Valid - Beware the Rush

Posted on: March 30, 2020 | By: David Parker, Esq.
With COVID-19 impacting more and more Americans, individuals across the country are scrambling to set up wills and end-of-life directives.
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Beware Inheritance Theft

Surprising Ways Payable On Death Can Damage an Estate Plan

Posted on: March 25, 2020 | By: David Parker, Esq.
During the estate planning process, these beneficiary designations are reviewed to ensure that the beneficiaries are correct, and that the distribution of these assets conforms with the client’s intended estate plan.
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What Happened to Phil Spector

C19 UPDATE: Tax Filing Deadline Extended to July 15

Posted on: March 24, 2020 | By: David Parker, Esq.
Treasury Secretary Steven Mnuchin announced Friday that the administration has moved the IRS deadline for filing taxes from April 15 to July 15 due to the disruption caused by the coronavirus.
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An elder law attorney can help with paying for a nursing home

C19 UPDATE: Name Someone Your Medical Power of Attorney and Do It Now

Posted on: March 23, 2020 | By: David Parker, Esq.
In these uncertain times, it’s more important than ever to have your legal, financial and medical ducks in a row. Sadly, when serious illness strikes it is usually quite rapid and often unexpected. In these times, however, we do have forewarning that we are all at risk of contracting COVID-19, the coronavirus.
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Retirement Plans for the over 50 crowd

How Can I Fund A Special Needs Trust ?

Posted on: March 20, 2020 | By: David Parker, Esq.
If you have a child with special needs, a trust may be a financial priority. There are many crucial goods and services that Medicaid and Supplemental Security Income might not pay for, and a special needs trust may be used to address those financial challenges. Most importantly, a special needs trust may help provide for your disabled child, in case you're no longer able to care for them.
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