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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.

How ABLE Accounts Work for People with Disabilities

Posted on: May 10, 2019 | By: David Parker, Esq.
New rules let some individuals put away more money in these plans, while still preserving their benefits.
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Black Americans need planning

Healthcare Proxy - How to Decide Who Should Pick?

Posted on: May 9, 2019 | By: David Parker, Esq.
No matter our age, it makes a lot of sense to name a healthcare proxy, someone to make critical medical decisions for us in a crisis.
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Slow walking and dementia

Does A No Contest Clause Really Mean No Contest?

Posted on: May 6, 2019 | By: David Parker, Esq.
The trust has a no-contest clause and a lawyer my brother consulted with said that the risk is too great for the return.
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Paying for Funeral Expenses

Family Vacation Home -The Best Way to Pass to the Next Generation?

Posted on: May 4, 2019 | By: David Parker, Esq.
Before gifting a holiday property, an individual or couple (who can gift up to $22.8 million against their lifetime estate-tax exclusion through 2025), should find out whether their children want it.
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Should a Trust be irrevocable or revocable

Irrevocable Trust - Can It be Revoked?

Posted on: May 2, 2019 | By: David Parker, Esq.
Can an irrevocable trust be revoked?
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Eddie Van Halen left money to a foundation

What Are the Common Myths of Powers of Attorney?

Posted on: April 25, 2019 | By: David Parker, Esq.
While most of us have heard of a power of attorney, many have misconceptions about them.
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Long-Distance Caregiver faces challenges

How Do I Make the Right Estate Planning Moves When I Divorce?

Posted on: April 24, 2019 | By: David Parker, Esq.
Getting divorced is a complicated process, even for couples without any minor children. This is because it requires dividing up a partnership, so each individual can go his or her own way. While there are many details to iron out in terms of dividing assets, one thing that often gets overlooked, is how your estate plan will be affected.
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Does King Chrales pay taxes?

Am I Cut Out to Be Your Power of Attorney?

Posted on: April 23, 2019 | By: David Parker, Esq.
Not everyone is cut out to make key decisions when a loved one can't.
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How to avoid cruise scams

Trusts v Wills: What’s Right for You?

Posted on: April 21, 2019 | By: David Parker, Esq.
While we are young, many of us neglect to consider what will happen to our family and property after we pass away. Youth gives us the illusion of invulnerability, but the truth is that tomorrow is not promised to anyone.
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caregiving expenses need to be considered

What a Durable Power of Attorney Can Do

Posted on: April 20, 2019 | By: David Parker, Esq.
In some cases, the parent may have only nominal limitations. In others, a parent may be fully incapacitated. A parent may be mentally capable of handling any situation and physically capable of handling most.
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