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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 can I protect my real estate asset

Bargain and Sale Deed - Which is the Right Deed to Use?

Posted on: October 6, 2019 | By: David Parker, Esq.
Two of the most widely used deeds in real estate are quitclaim deeds and warranty deeds. Keep reading to learn about these two types of deeds and how they work—and what’s at stake if you choose the wrong one.
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What doesn't Medicare cover.

Can You Make a Temporary Change to a Will?

Posted on: October 5, 2019 | By: David Parker, Esq.
I admit that this question stumped me. It was not so much because of what you are asking, but rather why you are asking it in the first place. I’ve tried to come up with a scenario why someone would want to change their will temporarily, but I have come up blank.
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special needs planning

What if a beneficiary is not a citizen?

Posted on: September 27, 2019 | By: David Parker, Esq.
The father of my three children died with no will. We were divorced. He owns a house and was married in the Philippines about two years ago. However, his new wife has not been given entrance to the U.S. What happens to his estate?
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Andre Zarre 's Will Contest

What Are My Estate Planning Checklist?

Posted on: September 26, 2019 | By: David Parker, Esq.
Estate planning is not only for the wealthy—everybody can benefit from ensuring their assets and finances are properly taken care of after their death.
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Does My Business Need a Succession Plan?

Posted on: September 24, 2019 | By: David Parker, Esq.
As a small business owner, you should be thinking about your succession plan. A succession plan—or exit plan—is the strategic transferring of management roles or ownership of the company to others, whether it be a family member, an employee or an outside party.
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What is a survivorship clause ?

Can Multi-Generational Living or the Golden Girls Model Work for Families?

Posted on: September 23, 2019 | By: David Parker, Esq.
When a daughter travels great distances to assure her mother is well or a son visits so often with his father that each of them figures it might be easier if they simply joined households, it might be time to begin to question whether a joint living arrangement might make sense for everyone.
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Plan now so the surviving spouse is not in a bind.

What You Need to Know About Continuing Care Retirement Communities

Posted on: September 21, 2019 | By: David Parker, Esq.
A continuing care retirement community offers a continuum of care from independent living for people who need no assistance, to assisted living that offers some services, to nursing home care that provides skilled nursing care.
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trust administration

Can I Keep a Loved One’s Inheritance From Their Spouse?

Posted on: September 21, 2019 | By: David Parker, Esq.
I plan to leave most of my estate to my niece, but I do not want her estranged husband to be able to get his hands on any of the money. They are not getting divorced ‘because of the child.’ What is the most economical way to do this? They live in Missouri and may be moving to South Carolina. I am a New Jersey resident.
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What was in Ray Liotta 's Will

Did Groucho Marx Have Estate Planning and Elder Abuse Problems?

Posted on: September 20, 2019 | By: David Parker, Esq.
By the time Groucho was an old man, however, he experienced significant problems in his daily activities, medical decision-making and the management of his estate. He suffered from elements of dementia, a heart attack and congestive heart failure, falls resulting in a broken hip, and after that hip was repaired, another fall and broken hip, urinary tract infections, strokes and hypertension.
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Congress has a new long-term care insurance bill

Joint Tenancy? How Should I Title My Property in My Estate Plan?

Posted on: September 19, 2019 | By: David Parker, Esq.
The form of ownership is a key factor in structuring an estate plan. This is true primarily because the form of ownership governs the transferability of the interests.
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