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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.

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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What doesn't Medicare cover.

What Will Happen to Jeffrey Epstein’s Will?

Posted on: September 16, 2019 | By: David Parker, Esq.
Two days before he died in what was ruled a suicide in a Manhattan jail cell, Jeffrey Epstein signed a will that put all of his holdings into a trust.
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An elder law attorney can help with paying for a nursing home

When Do I Need a Power of Attorney?

Posted on: September 13, 2019 | By: David Parker, Esq.
In the absence of a durable power of attorney, who has the right to sign for an incapacitated person?
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What doesn't Medicare cover.

Understanding Why a Last Will and Testament is Important

Posted on: September 12, 2019 | By: David Parker, Esq.
Everyone knows what a will is. However, do you know the importance of having one? What does this document mean and what are the reasons why you should prepare a will? What happens to your money and property, if you don’t have one?
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Work on your Estate Plan

Get the Facts About Dementia Care

Posted on: September 10, 2019 | By: David Parker, Esq.
The Alzheimer’s Association created practice recommendations for nursing homes and assisted living facilities that offer dementia care for residents.
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Big COLA increase in 2023

What's the Difference Between a Life Estate and an Irrevocable Trust?

Posted on: September 6, 2019 | By: David Parker, Esq.
Whether you’re preparing your estate to pass on to loved ones or helping guide a parent in that process, estate law can be tricky and unfamiliar ground. One of the most important aspects of estate preparations is figuring out what to do with one’s home and property.
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Talk to your parents about their estate plan

Are You Considering the Impact of Your Estate Plan on your Heirs?

Posted on: September 5, 2019 | By: David Parker, Esq.
Unless you take your heirs' wishes, taxes and interests into consideration in your plans, you could be committing some serious unforced errors with your estate.
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