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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.

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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Bruce Springsteen sold his music catalog

Blended Family? Second Time Down the Aisle? Make Sure Estate Plan Is Ready

Posted on: September 3, 2019 | By: David Parker, Esq.
The first thing to realize is that as soon as you marry, your spouse is granted certain inheritance rights under law. However, these rights of inheritance can be waived or modified by using an anti-nuptial agreement, or as its more commonly known, a pre-nuptial agreement.
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Beware Inheritance Theft

A letter of instruction Smooths Life’s Bumpy Road

Posted on: August 30, 2019 | By: David Parker, Esq.
It was reported on the news recently that some of Aretha Franklin’s family members have found what they believe to be her will. It was handwritten, stained and crumpled up in a couch. The courts may or may not choose to honor it, depending on whether or not they are able to verify its authenticity.
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What was in Ray Liotta 's Will

What to Know Before Becoming an Executor?

Posted on: August 27, 2019 | By: David Parker, Esq.
While it is an honor to be selected as an executor, executing a will takes more work than you might think.
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Work on your Estate Plan

How Much Will Long-Term Care Cost ?

Posted on: August 19, 2019 | By: David Parker, Esq.
Many people are frightened of long-term care costs—for good reason.
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Big COLA increase in 2023

How Does an ILIT Work?

Posted on: August 16, 2019 | By: David Parker, Esq.
An irrevocable life insurance trust (ILIT) can provide peace of mind, as you start your estate planning process. If you have a sizable estate or young beneficiaries, an ILIT can provide control over a life insurance policy that a last will and testament may not.
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Talk to your parents about their estate plan

Why a Living Will Should Be Part of Your Estate Plan

Posted on: August 15, 2019 | By: David Parker, Esq.
What are Medical Advance Directives and what is the difference between a Living Trust and Living Will?
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Eddie Van Halen left money to a foundation

When You Might Want to Take Social Security Early

Posted on: August 14, 2019 | By: David Parker, Esq.
Although it’s common to point out why it might make sense to delay taking Social Security benefits, there are legitimate reasons for some people to claim their benefits sooner rather than later.
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What doesn't Medicare cover.

How Do I Name a Trust as the Beneficiary of an IRA?

Posted on: August 13, 2019 | By: David Parker, Esq.
When you set up an IRA with a brokerage, you’ll usually be asked to designate a beneficiary. This is where you would enter the trust as your beneficiary, should that be the option you choose.
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How does Portability work?

What is Portability and How Does It Impact Estate Planning?

Posted on: August 12, 2019 | By: David Parker, Esq.
There is often a great deal of confusion about the term “estate taxes” when someone passes away. What exactly are they? Who pays them? When are estate taxes due? How do they get paid and to whom?
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