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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.

Equal Inheritance

Should Each Child Get Equal Inheritance?

Posted on: January 9, 2023 | By: David Parker, Esq.
Equally sharing the wealth among the children isn’t always fair, such as when one sibling is the primary caretaker, or another is already wealthy.
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Eddie Van Halen left money to a foundation

Why Would I Need a Post-Nup?

Posted on: December 21, 2022 | By: David Parker, Esq.
While couples might sign a prenuptial agreement before they’re married and a “post-nup” after, it’s more than just the timing that differentiates these arrangements, experts say.
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Can a BDIT save you on taxes?

Can Executor Take the Money and Run?

Posted on: December 20, 2022 | By: David Parker, Esq.
Succession planning involves accounting for the worst-case scenario. Without accounting for these risks, your plan could fail, require expensive litigation or jeopardize the family farm.
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Can a BDIT save you on taxes?

How Charitable Giving Benefits the Giver

Posted on: December 19, 2022 | By: David Parker, Esq.
With a charitable tax deduction, you can donate to a good cause and cut your tax bill at the same time.
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What doesn't Medicare cover.

Do I Need a Trust, or a Last Will and Testament ?

Posted on: December 13, 2022 | By: David Parker, Esq.
One of the most common questions people ask about estate planning is whether they should be using a revocable trust instead of a last will and testament.
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New IRS portability rules

Should You Agree to Being a Guardian?

Posted on: December 12, 2022 | By: David Parker, Esq.
You might be surprised at how many questions arise surrounding financial issues, legal arrangements and lifestyle choices.
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5 biggest mistakes for beneficiaries

Five Mistakes in Estate Planning May Lead to Breach of Family Harmony

Posted on: December 8, 2022 | By: David Parker, Esq.
Some estate planning decisions can lead to terrible family rifts that never recover.
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What doesn't Medicare cover.

How to Defend a Will Contest

Posted on: December 6, 2022 | By: David Parker, Esq.
The news is full of stories about the famous who didn’t bother to make a will to dispose of their substantial fortunes. Although many others did make a plan, various issues with their testamentary documents have led to costly and protracted litigation.
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Avoiding Guardianship

Is Guardianship a Good Idea?

Posted on: December 5, 2022 | By: David Parker, Esq.
A guardianship is a court-ordered relationship that is created to protect a person who is incapable of handling their estate or personal affairs. Guardianship law varies by state.
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How to provide asset protection

What Is Asset Protection Planning?

Posted on: December 1, 2022 | By: David Parker, Esq.
Asset protection planning is the process of building barriers around your assets, whether those assets are personal or business, to keep them safe from litigation, creditor claims, seizure and burdensome taxes.
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