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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.

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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CDPAP will pay you to take care of Mom.

A Personal Care Agreement to Care for Mom?

Posted on: June 1, 2019 | By: David Parker, Esq.
About 40 million people are helping to care for older relatives and friends. Some leave their jobs to do so, and some end up as live-in caregivers. All give up much of their personal freedom. Should they be paid for their work?
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Family Secrets and Estate Planning

Pre-nuptial Agreement - What’s Happening with Singer Adele’s Divorce?

Posted on: May 31, 2019 | By: David Parker, Esq.
When the news hit that Adele was ending her 7-year marriage to her partner, Simon Konecki–the world was shocked. The notoriously private singer has kept her relationship under wraps–so the world just assumed that she and Konecki were raising their son and living out the dream away from the spotlight.
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Can I get less in Social Security ?

New Medicare Advantage Benefits Starting in 2020

Posted on: May 30, 2019 | By: David Parker, Esq.
You will soon have more options available, if you have Medicare Advantage.
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An elder law attorney can help with paying for a nursing home

When he lost Capacity, did Director John Singleton Have an Estate Plan?

Posted on: May 26, 2019 | By: David Parker, Esq.
The family of John Singleton, the director, producer and screenwriter behind the 1991 film “Boyz N the Hood” and several other movies, said that they had directed doctors to pull him off life support on Monday, after he suffered a stroke earlier this month.
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