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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?

What is in Diahann Carroll’s Estate?

Posted on: October 28, 2019 | By: David Parker, Esq.
Actress and singer Diahann Carroll changed the face of American entertainment as we know it, by breaking barriers for African-American celebrities.
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special needs planning

Special Needs Family Requires Special Planning

Posted on: October 25, 2019 | By: David Parker, Esq.
As our children with disabilities grow older, and we ourselves grow older, the future can seem daunting. The future can be overwhelming.
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What doesn't Medicare cover.

Have Your Will Done? That’s Not An Estate Plan

Posted on: October 24, 2019 | By: David Parker, Esq.
Every adult should have a will in order to determine property distribution after death. However, a will is limited in what it can do. Too often, a will cannot accomplish what you need or even expect it to do.
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Estate Planning and divorce

If You’re Going to Die, You Need an Estate Plan

Posted on: October 23, 2019 | By: David Parker, Esq.
Estate planning sounds like you need to be of nobility and own country estates before it applies to you. However, estate planning only means that you are making a plan for when you pass away or are no longer able to make good decisions for yourself.
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Big COLA increase in 2023

If My Mom Wants to Give Me Her House, Is It Better to Inherit or Buy It?

Posted on: October 22, 2019 | By: David Parker, Esq.
It is very common for parents in later years to consider gifting their home or other real estate to their children during their lifetime
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Co-op and transferring to the kids

Mark Twain’s Estate Plan Went South, Despite His Efforts

Posted on: October 21, 2019 | By: David Parker, Esq.
I came in with Halley’s Comet in 1835. It is coming again next year, and I expect to go out with it. The Almighty has said, no doubt: ‘Now here are these two unaccountable freaks, they came together, they must go out together.’
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What doesn't Medicare cover.

Must Spend Down an IRA Before I Can Apply for Medicaid?

Posted on: October 16, 2019 | By: David Parker, Esq.
Can a nursing home make a person who is in the home liquidate money in an IRA and spend it down to pay for care, before they can apply for Medicaid?
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Co-op and transferring to the kids

Do It Yourself Deeding Her Home Went Wrong–Fast

Posted on: October 15, 2019 | By: David Parker, Esq.
I want to divide my estate equally among their three children. I’ve mapped out a plan to dispose of my property without any probate whatsoever. I put it together from what I’ve read on the internet. It’s just marvelous what you can learn by Googling things, don’t you think?
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Does a trust provide asset protection ?

Should We Include Our Children in Our Charitable Giving Plans?

Posted on: October 14, 2019 | By: David Parker, Esq.
Apparently, your rich grandpa can’t donate his fortune to charity in peace.
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What Is a Pour-Over Will?

Posted on: October 13, 2019 | By: David Parker, Esq.
When you create a living trust, you also sign a pour-over will. One of the main benefits of a trust is avoiding a court proceeding on death called probate, which is when wills are used.
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