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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 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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Can a BDIT save you on taxes?

Did the Queen of Soul Leave a Will or Die Intestate?

Posted on: June 23, 2019 | By: David Parker, Esq.
Three handwritten wills have been found in one of the homes of the late Queen of Soul Aretha Franklin, all with a theme of providing for her four sons and even commentary involving others she felt were insincere or ‘grossly inefficient,’ according to the documents.
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What doesn't Medicare cover.

Three Children Named Co-Executors of Your Will?

Posted on: June 22, 2019 | By: David Parker, Esq.
Acting as an executor can be a tremendous amount of responsibility and a time-consuming duty.
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What doesn't Medicare cover.

Will Contests May Be Rare, but They Do Happen

Posted on: June 21, 2019 | By: David Parker, Esq.
If a person makes a Will when he does not have the mental capacity to make a Will or when he is so dominated by another that he can't make the Will that he wants to make, a Will contest often results.
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Retirement Plans for the over 50 crowd

What Does an Elder Care Attorney Really Do?

Posted on: June 20, 2019 | By: David Parker, Esq.
The best way to describe the job that an elder law attorney does, would be that they work to advocate for senior citizens and their loved ones.
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