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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.

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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What doesn't Medicare cover.

Must I File For Federal Taxes When My Dad is Dead?

Posted on: April 19, 2019 | By: David Parker, Esq.
Do I file 2018 tax returns for my father? He passed away in October 2018.
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Eddie Van Halen left money to a foundation

Should I Have a transfer on death (TOD) Account?

Posted on: April 18, 2019 | By: David Parker, Esq.
Also known as joint accounts, these types of accounts let their owners pass on small estates in a simple way.
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Black Americans need planning

Do Family Relationships Mess Up Estate Planning, Ask an Estate Planning Lawyer?

Posted on: April 17, 2019 | By: David Parker, Esq.
Families should plan early and communicate their wishes to their estate planners, as well as update their legal documents to reflect those wishes.
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How do you pass a certificate of deposit without a Will.

What is an Advance Directive and Do I Need One?

Posted on: April 13, 2019 | By: David Parker, Esq.
Normally, your doctor explains your health care options.  You then decide what is best for you. What happens if you are too ill to make decisions for yourself? Who do you want to make those decisions for you?
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NFT's and estate planning

Here’s One Way to Handle the Son-In-Law You Hate

Posted on: April 12, 2019 | By: David Parker, Esq.
A family from the United Kingdom has made international news, as a result of an alleged will forgery fueled by a mother-in-law’s disdain for her daughter’s husband.
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