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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.

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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Work on your Estate Plan

Stan Lee’s Former Manager Arrested on Elder Abuse Charges

Posted on: June 18, 2019 | By: David Parker, Esq.
Stan Lee is sadly gone but the Marvel icon is far from forgotten, especially in the L.A. County District Attorney’s office.
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What doesn't Medicare cover.

Your Will Isn’t the End of Your Estate Planning

Posted on: June 16, 2019 | By: David Parker, Esq.
Your estate plan isn't finished just because your attorney has drawn up a will. Proper asset titling is the next step.
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Co-op and transferring to the kids

Inherited Family Home - Selling a Parent’s Home after They Pass

Posted on: June 15, 2019 | By: David Parker, Esq.
Dealing with the death of a parent is challenging but selling their home can be fraught with land mines, particularly if they die without a will.
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New RMD rules

Will the RMD Age Be Raised by New Legislation?

Posted on: June 14, 2019 | By: David Parker, Esq.
Sens. Ben Cardin, D-Md., and Rob Portman, R-Ohio, reintroduced legislation late Monday that would raise the required minimum distribution age from 70 ½ to 75 and also help workers pay off their student loans.
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