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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.

How to avoid cruise scams

Cruise Scams - What Seniors Should Know Before Booking a Cruise

Posted on: January 8, 2020 | By: David Parker, Esq.
If a cruise usually costs $4,000, you are not getting a deal when you buy one and get one free, and the full fare gets jacked up to $8,000.
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What was in Ray Liotta 's Will

Top 6 Questions (and Answers) about Conservatorships and Guardianships

Posted on: January 3, 2020 | By: David Parker, Esq.
In some states, those who are appointed ‘conservator of the estate, are those who make financial decisions. Those who are appointed ‘conservator of the person,’ handle the same issues as a ‘guardian.’
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Eddie Van Halen left money to a foundation

Donor-Advised Funds - What are Some Smart Ways to Give to Charities During the Holidays?

Posted on: January 2, 2020 | By: David Parker, Esq.
The holidays are a popular time of year to give to charity. We are in a good mood, feeling generous and may also be looking for ways to lower our taxable income before the end of the year. However, this incentive only applies, if you itemize your deductions.
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Disinhering a Child, what to know.

Hipaa Authorization - What Estate Planning Documents Does My Child Need Now That She’s an Adult?

Posted on: January 1, 2020 | By: David Parker, Esq.
Parents may be surprised to learn that without some specific documents in place, they will no longer be able to obtain information or help their loved one should they be in an accident or other situation, where they can’t advocate for themselves.
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Larry King 's estate goes on.

Dynasty Trust - How Much Control from the Grave Can Parents Have?

Posted on: December 31, 2019 | By: David Parker, Esq.
They want to leave their house to all three of the children, but they do not want us to sell the home after they both die. Is there a way they can make it, so the house can’t be sold after their deaths?
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Can I drop mom's mortgage ?

How to Protect Your Retirement From Spendthrift Parents

Posted on: December 30, 2019 | By: David Parker, Esq.
Her elderly mother, who had already drained a modest 401(k) and tapped the family home for a home equity line of credit, wanted Clark and two siblings to subsidize her living expenses.
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What Do I Need to Know About Owning Property with Someone Other than My Spouse?

Posted on: December 27, 2019 | By: David Parker, Esq.
It's very common for spouses to title property they own together as ‘joint with right of survivorship.’ When one passes, the other owns the property outright. It’s simple, easy and automatic. However, it can get messy when the other joint owner isn’t your spouse.
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Share Your Estate Plan Now to Protect Your Family When You Are Gone

Posted on: December 26, 2019 | By: David Parker, Esq.
Estate planning clients, typically those nearing or beyond retirement, often ask what kind of information they should share during their life with the beneficiaries of their estate.
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Financial Considerations Before Marrying Again

Posted on: December 25, 2019 | By: David Parker, Esq.
Many older clients faced with choices regarding late blooming relationships—whether from death or divorce—are confronted with a decision. Should they remarry or should they continue the new relationship without marriage.
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Can My Estate Plan Include Illiquid Assets, Like Real Property and Ownership Interests?

Posted on: December 24, 2019 | By: David Parker, Esq.
No good estate plan can afford to ignore the other assets, the ones called ‘illiquid.’ That category includes anything that can’t readily be converted to cash, in a regulated market with readily determined prices.
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