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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 does Portability work?

What's the Difference Between Capital Gains and a Dividend?

Posted on: July 10, 2019 | By: David Parker, Esq.
Both capital gains and other investment income, such as dividend income, are a source of profit and have potential tax consequences.
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What doesn't Medicare cover.

What are the “Six L’s” of Small Business Planning?

Posted on: July 9, 2019 | By: David Parker, Esq.
Small-business owners pour their blood, sweat and tears into their enterprises, so it’s no wonder that such dedication can cause a little tunnel vision. In being so focused on day-to-day operations, owners often fail to spend the appropriate time on personal planning.
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Legal Documents for College

Graduation Over? Time to Consider Legal Documents for College

Posted on: July 7, 2019 | By: David Parker, Esq.
You can no longer make medical or financial decisions for your children without proper paperwork.
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What was in Ray Liotta 's Will

Is My Spouse Responsible for My Car Lease When I Die?

Posted on: July 6, 2019 | By: David Parker, Esq.
What happens if I die before my car lease is up? Does my wife have to keep paying the lease? The salesman said the dealer would take the car back and no more payments would be owed, but it’s not in the paperwork.
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How Probate Court works.

What’s the Latest with Tom Petty’s Estate ?

Posted on: June 30, 2019 | By: David Parker, Esq.
Tom Petty’s widow Dana Petty has submitted new appeals in her ongoing legal battle with the late rocker’s daughters Adria Petty and Annakim Violette, according to documents filed in Los Angeles County court on Tuesday and Wednesday.
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What Does ‘Getting Your Affairs in Order’ Really Mean?

Posted on: June 29, 2019 | By: David Parker, Esq.
We talked about the various things you should think about and get in order, so that if ‘something happens’ your loved ones don’t have to do a frantic search for your important information.
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What doesn't Medicare cover.

Here’s Why a Basic Form Doesn’t Work for Estate Planning

Posted on: June 28, 2019 | By: David Parker, Esq.
However, some want you to believe that you need only purchase a form to have an effective estate plan. Using this form, you are told, can save money and — best of all — the form is valid in all 50 states.
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CDPAP will pay you to take care of Mom.

Nursing Home Costs and Your Estate Plan

Posted on: June 27, 2019 | By: David Parker, Esq.
Remember that the role of an elder law attorney is to be a client-centered advocate, which is a different assignment than being a taxpayer watchdog.
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New IRS portability rules

What’s a Death Tax?

Posted on: June 24, 2019 | By: David Parker, Esq.
Sometimes people confuse the estate tax with an income tax, but it is not a tax on income. It is a transfer tax imposed on the wealthy at death.
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Controlling Heirs from Beyond

What Do I Do With My Dad’s Timeshare When He Passes Away?

Posted on: June 24, 2019 | By: David Parker, Esq.
You may hear commercials for companies that say they can get you released from a timeshare purchase and lease agreements. If your parent passes away intestate (without a will) and owned a timeshare, you may not want it.
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