Informative Masterclass
How to Protect your Family’s Assets and Leave a Lasting Legacy
Save Your Spot Now!

White Plains & New City, New York Estate Planning & Elder Law Firm

Estate Planning and Elder Law Blog

Sort by Category:

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.

Can a BDIT save you on taxes?

How Does Probate Court Work?

Posted on: October 18, 2022 | By: David Parker, Esq.
Probate court is a segment of the judicial system that oversees the execution of wills as well as the handling of estates, conservatorships and guardianships.
Read More
Co-op and transferring to the kids

What is a Life Estate ?

Posted on: October 12, 2022 | By: David Parker, Esq.
Chances are, your home is full to the brim with cherished memories of family and friends. But, as you get older, you may start wondering what exactly will happen to your home when you pass away. Fortunately, a life estate can take away the uncertainty of this thought by legally assigning an heir to receive your property without interference from court proceedings.
Read More
What doesn't Medicare cover.

Estate Planning - Problems Created When No Will Is Available

Posted on: October 4, 2022 | By: David Parker, Esq.
People who have had a serious case of COVID-19 are 66% more likely to engage in estate planning, and 32% of adults under 35 said they wrote a will because of the pandemic.
Read More
What happened to Pat Bowlen 's estate?

Pat Bowlen - How Not to Build a Family Football Dynasty

Posted on: October 3, 2022 | By: David Parker, Esq.
A decade before his death, the billionaire owner of the Denver Broncos consulted with attorneys about the orderly handover of the team after his death. He crafted a carefully delineated trust that his hand-picked trustees would oversee.
Read More
What wrong with the Presley estate?

What’s a ‘Pot Trust’?

Posted on: September 28, 2022 | By: David Parker, Esq.
A pot trust, also referred to as a discretionary, sprinkling or common pot trust, is a type of trust that can be used by families to pass on assets. With this type of trust, minor children serve as beneficiaries with a trustee that oversees the management of trust assets. The trustee has discretionary power to decide how the trust funds are used to pay for the care and needs of beneficiaries.
Read More
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?
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 … 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66
Stay Informed
Subscribe To Our FREE Estate Planning, Probate and Elder Law Newsletter

Book Your Free Initial Consultation With Parker Law Firm Today
Get Started Now

The 15 minute initial phone call is designed as a simple way for you to get to know us, and for our team to learn more about your unique estate planning needs.

Book an Initial Call
Book A Call With Parker Law Firm
Parker Law Firm
White Plains Location

222 Bloomingdale Rd #301,
White Plains, NY 10605

New City Location

120 North Main Street, Suite 203,
New City, NY 10956

IMS - Estate Planning and Elder Law Practice Growth Advisors
Powered by
crosschevron-rightcross-circle