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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.

What doesn't Medicare cover.

What’s Better, A Living Trust or a Will?

Posted on: November 24, 2019 | By: David Parker, Esq.
Last wills and testaments, which were invented centuries ago, are the most famous estate-planning documents.
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Don't put off getting hearing aids.

Remaining Even and Fair in Estate Distribution

Posted on: November 23, 2019 | By: David Parker, Esq.
We have money in savings and retirement accounts, but our most valuable asset is our home. We want to leave our property to our two children equally.
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New rules for Hearing Aids .

How Long-Term Care Services and Supports Compare Across the United States

Posted on: November 22, 2019 | By: David Parker, Esq.
One state might have all the services you need at little or no cost, and a neighboring state might provide much less assistance.
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Are There Taxes if I Gift to my Grandchild ?

Posted on: November 21, 2019 | By: David Parker, Esq.
All gifts are potentially subject to gift taxes, which are generally paid by the donor, not the recipient.
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A pet trust can care for your pets after your death

A Pet Trust Can Protect Pets after You’re Gone

Posted on: November 8, 2019 | By: David Parker, Esq.
For most people, pets aren’t just animals–they’re the excited ‘hello’ when we get home from a long day of work, our jogging partners, our best friends and part of the family.
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What debts are owed when parents die?

What Do I Need to Know about Medicare Advantage?

Posted on: November 6, 2019 | By: David Parker, Esq.
Medicare Advantage, also known as Medicare Part C, is a private insurance alternative to original Medicare.
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What doesn't Medicare cover.

How Do I Change My Will?

Posted on: November 5, 2019 | By: David Parker, Esq.
You don’t want to cause a fight over these items, after your dad is gone.
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Does a trust provide asset protection ?

Do My Heirs Need to Pay an Inheritance Tax?

Posted on: November 4, 2019 | By: David Parker, Esq.
Inheritance tax is a state tax on a percentage of the value of a deceased person's estate that's paid by the inheritor of the estate.
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caregiving expenses need to be considered

The Shocking Cost of Caregiving Expenses – and What to Do About It

Posted on: November 1, 2019 | By: David Parker, Esq.
Many people end up paying for everyday items, because their elderly parents cannot afford even the necessities of life.
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When shopping for funeral services, be wary.

The Little-Known Option of Selling Your Life Insurance Policy

Posted on: October 31, 2019 | By: David Parker, Esq.
The bottom line is, not everyone wants to continue paying premiums for a policy that will only benefit someone else.
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