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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.

How to provide asset protection

Deathbed Gift, what are the taxes?

Posted on: September 26, 2022 | By: David Parker, Esq.
One sure-fire way your clients can reduce the size of their taxable estate is to give gifts to loved ones while they’re still alive. But when are ‘deathbed gifts’ considered to be complete for estate and gift tax purposes?
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5 biggest mistakes for beneficiaries

Can Unequal Distribution of Inheritances Be Fair?

Posted on: September 20, 2022 | By: David Parker, Esq.
The important thing to acknowledge is that the emotions behind the reasons are not trivial, but are important and should not be dismissed or minimized.
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The Most Common Myths about COVID Vaccine

How Can I Minimize My Probate Estate?

Posted on: September 19, 2022 | By: David Parker, Esq.
Estate planning is not just for the wealthy. Anyone with a bank account, house, car or other personal property should have a will.
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Siblings may fight after you are gone

Why Do Siblings Fight after Death of a Parent?

Posted on: September 9, 2022 | By: David Parker, Esq.
There is no legal requirement that anyone give anyone else money or property when they pass.  The law says that as long as you understand what you’re doing, you can give your assets to anyone you feel like giving them to, equal or not.
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New IRS portability rules

IRS Extends Portability Election Option Deadline from Two to Five Years

Posted on: September 7, 2022 | By: David Parker, Esq.
Portability allows spouses to combine their exemption from estate and gift tax. This allows a surviving spouse to use the unused estate tax emption of the deceased spouse.
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DIY v an estate planning attorney

The Risks of Creating Your Own Estate Plan

Posted on: September 6, 2022 | By: David Parker, Esq.
Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
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Can an annuity work in an estate plan?

HIPAA and Key Documents Before Sending Your Child Off to College

Posted on: August 31, 2022 | By: David Parker, Esq.
A critical item is often missing from back-to-school college checklists — and it could be far more valuable than anything else your student takes to school this fall: signed legal documents.
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How does Portability work?

Some States Have Tough Estate and Inheritance Taxes

Posted on: August 29, 2022 | By: David Parker, Esq.
Federal estate taxes are no longer a problem for all but the extremely wealthy. However, several states have their own estate taxes and inheritance taxes that could still hit your heirs.
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Napping and senior health

Is Napping Good for Seniors?

Posted on: August 26, 2022 | By: David Parker, Esq.
When you are sleepy, a nap seems like a wise idea. However, that midday shut-eye might indicate you are at higher risk of hypertension and stroke, according to new research.
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trust administration

What Should I Know about Burial Insurance ?

Posted on: July 28, 2022 | By: David Parker, Esq.
What is covered by burial insurance?
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