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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.

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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Legal Documents for College

Student Loans -How Will Billionaire Robert F. Smith’s Help of Morehouse College Student Loans be Taxed?

Posted on: June 13, 2019 | By: David Parker, Esq.
Billionaire Robert F. Smith made the 2019 class of Morehouse College graduates very happy over the weekend, when he pledged to pay off their student debt.
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Big COLA increase in 2023

Suze Orman’s Advice for Retirement Savings at 55.

Posted on: June 10, 2019 | By: David Parker, Esq.
One day it hits you that retirement is around the corner, and you do not have a nest egg for retirement.
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Beware Inheritance Theft

My 403(b) Plan? What’s the Best Way to Deal with it?

Posted on: June 9, 2019 | By: David Parker, Esq.
You’ve contributed to your 403(b) plan faithfully for a number of years. You’re about to retire. Now what? How (or if) you should withdraw that money depends on a number of factors and options available to you.
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New rules for Hearing Aids .

Do I need a Durable Power of Attorney?

Posted on: June 8, 2019 | By: David Parker, Esq.
Life brings us too many unique situations that would not be resolved by a will. Sometimes we need a more robust framework of documents. One of the all-stars in that framework is a power of attorney.
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Big COLA increase in 2023

Here’s How You Know You’re an Adult: 10 Documents

Posted on: June 7, 2019 | By: David Parker, Esq.
I’m planning a major trip in 2020: It’s the year I turn 50, and I’m going to visit 50 places I’ve never been before. Among the fun itinerary research, I’m also taking care of more serious things, such as drafting a will and buying life insurance.
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Assistance for caregivers

Worried about a Spouse Needing Nursing Home Care?

Posted on: June 3, 2019 | By: David Parker, Esq.
Let’s take one couple, Tom and Louise, who have been married to each other for over 50 years and live in the same home they bought when they first got married.
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Co-op and transferring to the kids

Estate Planning Hacks Create More Problems

Posted on: June 2, 2019 | By: David Parker, Esq.
My idea: put our accounts in my wife’s name and put the land in our children's names. The way I figure it, when something happens to me, they won't need to do any of that courtroom mumbo jumbo that costs a few thousand dollars. What's your take on the workaround idea?
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