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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.

5 biggest mistakes for beneficiaries

How to Design an Estate Plan with a Blended Family?

Posted on: July 28, 2019 | By: David Parker, Esq.
No one marries with the intention of getting divorced, but about half of all marriages in the U.S. will end in divorce. Divorce and second marriages can complicate the process of estate planning and present a number of challenges.
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How Probate Court works.

How Do Those Transfer on Death TOD Accounts Work?

Posted on: July 27, 2019 | By: David Parker, Esq.
Transfer on death (TOD) accounts can keep your estate planning intact, while keeping your beneficiaries out of court. If you’re among the 57% of adults who don’t currently have a will or trust, your family is likely headed to probate court.
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Paying for Funeral Expenses

Choosing an Active Adult Community

Posted on: July 26, 2019 | By: David Parker, Esq.
…if you’re contemplating moving into an age-restricted community, finding one that’s right for you takes work. While active adult communities generally offer the opportunity for a lower-maintenance (and sometimes lower cost) lifestyle, they vary enormously.
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Talk to your parents about their estate plan

What Do I Really Need to Know About Trusts and Trustees?

Posted on: July 22, 2019 | By: David Parker, Esq.
It’s a well-documented fact that most people do no estate planning. Of those who do, the majority use a last will to pass their estate to a spouse or divide it among their children.
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Work on your Estate Plan

Why is an Advance Directive so Important with Dementia?

Posted on: July 20, 2019 | By: David Parker, Esq.
When it comes to the prospect of dementia, advance directives are critical because the disease is progressive.
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Can I Inhertit debt when someone dies?

The Decedent’s Debts: Who’s on First?

Posted on: July 19, 2019 | By: David Parker, Esq.
Nursing home expenses and even funeral bills might initially be ignored or delayed during a time when survivors are seriously concerned about final VISA or Mastercard bills.
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Andre Zarre 's Will Contest

A Will, Power of Attorney and Health Care Power of Attorney: Three Documents Everyone Should Have

Posted on: July 18, 2019 | By: David Parker, Esq.
These three documents are the building blocks toward a solid estate plan and peace of mind.
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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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