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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.

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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Work on your Estate Plan

Funeral Arrangements- Who Will Control the When I Die?

Posted on: May 25, 2019 | By: David Parker, Esq.
New Jersey has a statute that sets forth the hierarchy of those who have the right to control the funeral arrangements and the disposition of the body of a deceased individual.
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Big COLA increase in 2023

Estate Planning Documents and Medicaid Planning

Posted on: May 24, 2019 | By: David Parker, Esq.
People frequently hear that they should visit their attorney to have their wills and other important legal documents prepared, but many people procrastinate. Therefore, if you’re in that group, do not feel like you’re alone.
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New rules for Hearing Aids .

Property Transfers and Gift Taxes: Estate Planning Basics

Posted on: May 23, 2019 | By: David Parker, Esq.
Now that you rented your old house to your daughter, that home may be considered a rental home on your federal income tax. You get to treat that as an investment property and can take some of the tax advantages available to investors, including taking depreciation on the home, deducting expenses for the upkeep, as well as deducting real estate taxes and other expenses.
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New rules for Hearing Aids .

Senior Living - How to Start the Process of Moving

Posted on: May 20, 2019 | By: David Parker, Esq.
When you have a close relative or friend who might benefit from moving into a development for aging adults, you might not know how to go about getting from where he is now to settling him into the community of his dreams.
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What doesn't Medicare cover.

Why is Angelina Jolie Leaving Her Total Estate to Just One of Her Kids?

Posted on: May 20, 2019 | By: David Parker, Esq.
Angelina Jolie has reportedly laid out the details of her estate, according to Radar Online, revealing that she plans to leave her $116 million-dollar fortune to only one of her six children, her son Maddox.
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Calculating Required Minimum Distribution

Kids Going to the Mom and Dad ATM One Time Too Many?

Posted on: May 19, 2019 | By: David Parker, Esq.
Genuine dependency does not include creating a tradition of Sunday family dinners or having Mom do one’s laundry occasionally. However, both children and parents should realize that being independent should not include frequent financial loans or paying a grown-up child’s regular expenses, such as rent or phone bills.
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