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David Parker, Esq.
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Family of Actress Edie McClurg Seeking Conservatorship in White Plains, New York With an acting career that spanned four decades, Edie McClurg is battling dementia. Her family is trying to obtain court intervention so that they can step in to manage her affairs. Neurological tests have shown that 67-year old... Continue reading
Posted Mar 1, 2019 at New York Trusts & Estates
Don’t Touch That 401(k) Money! In New City, New York Looking at your 401(k) statement is like being a kid in a candy shop for some people. All that money sitting in an account with your name on it! However, there are risks to taking a loan against your 401(k)... Continue reading
Posted Feb 28, 2019 at New York Trusts & Estates
Longevity May Surprise You, So Be Prepared in White Plains, New York Florida wins for retirement relocation. It’s inexpensive to live in the Sunshine State, the weather’s good, if you don’t mind a lot of humidity and air conditioning, and taxes are low. If you’re going to have a three-decade... Continue reading
Posted Feb 27, 2019 at New York Trusts & Estates
An Alphabet Soup of Designations and Credentials in New City, New York You may have noticed a long list of initials behind your financial advisor’s name in their signature block or below their signature on paper letters. Those initials stand for organizations that award designations. You should know what they... Continue reading
Posted Feb 26, 2019 at New York Trusts & Estates
Why A Roth IRA Isn’t For Everyone in White Plains, New York Some of the features of the Roth IRA make it look like a traditional IRA on steroids. There are no required minimum distributions and you have the ability to take withdrawals before you retire and you can even... Continue reading
Posted Feb 25, 2019 at New York Trusts & Estates
Older Millennials are Growing Up. Really. In White Plains, New York Now that they are parents, homeowners and mortgage-holders, older millennials are starting to put their stamp on financial services, and that includes buying life insurance online. The saying that nothing is certain but death and taxes remains true, no... Continue reading
Posted Feb 22, 2019 at New York Trusts & Estates
Suspicious Death Made Even More So with a Will Signed On Week Before in New City, New York A will signed by guitarist Oli Herbert one week before his death has drawn police attention, both for the nature of his death and the will itself. A car dealership is not... Continue reading
Posted Feb 21, 2019 at New York Trusts & Estates
The Sumner Redstone Saga Has Finally Been Resolved in White Plains, New York With a decision by the court that he did have the mental capacity to amend his trust in 2015 and 2016, along with certain settlements, the very ugly public battle over the 95-year old media mogul has... Continue reading
Posted Feb 20, 2019 at New York Trusts & Estates
Any R-E-S-P-E-C-T for Aretha’s Estate? Not Without a Will in New City, New York The Queen of Soul died without putting a will or an estate plan in place. Things are now starting to get ugly. There’s a police investigation and a dispute between the estate and her ex-husband, the... Continue reading
Posted Feb 19, 2019 at New York Trusts & Estates
What You Need to Know About Medicare in White Plains, New York The first rule of Medicare is that it does not pay for everything. The next rule: you have to do your homework. Don’t be swayed by strong sales pitches. Switching to Medicare from a traditional employer’s health insurance... Continue reading
Posted Feb 18, 2019 at New York Trusts & Estates
Does New Jersey’s Estate Arm Reach as Far North as Canada? in White Plains, New York If someone dies in Canada, and her heirs live in New Jersey, are there any estate inheritance taxes owned? A recent article from nj.com’s asks for advice if “My sister died in Canada. Will... Continue reading
Posted Feb 15, 2019 at New York Trusts & Estates
The Battle Against Elder Fraud Supported by Credit Union Organization in New City, New York A national credit union association sent a letter for the record to the Senate Special Committee on Aging stating its support of efforts to protect seniors from financial exploitation. CUNA, the Credit Union National Association,... Continue reading
Posted Feb 14, 2019 at New York Trusts & Estates
Protecting the Kids By Leaving Them—Nothing? in White Plains, New York It’s not a concept that everyone agrees with: your kids will be ruined, if you leave them a lot of money. However, for many celebrities, especially those who came from modest beginnings, this is the best way to ensure... Continue reading
Posted Feb 13, 2019 at New York Trusts & Estates
But I Don’t Live in an Estate–Why Do I Need an Estate Plan? In New City, New York If estate planning had a different name, like planning for aging or planning for sickness and death, people might not think that an estate plan is only for wealthy people. However, the... Continue reading
Posted Feb 12, 2019 at New York Trusts & Estates
Paying for Special Needs Care Under the New Tax Laws in White Plains, New York The cost of paying for special needs care depends on the type and intensity of each individual’s condition. Planning for care, including the use of Special Needs Trusts, can help families manage costs and plan... Continue reading
Posted Feb 11, 2019 at New York Trusts & Estates
Need a Will? Talk with a Living, Breathing Estate Planning Attorney in White Plains, New York On the short list of why you need a will: your family won’t know how you wanted to distribute your possessions or what kind of funeral you wanted. They may also fight over the... Continue reading
Posted Feb 8, 2019 at New York Trusts & Estates
What Happens When There’s No Prenup for Billionaires? In New City, New York How do you divide a nearly trillion-dollar empire, when a divorce occurs and the CEO doesn’t have a prenup? Investors are wondering and watching to see. With a 16% stake in the Amazon, how will founder Jeff... Continue reading
Posted Feb 7, 2019 at New York Trusts & Estates
How Does Divorce Impact My Estate Plan? in White Plains, New York Was 2018 the year you finalized your divorce? Many people did all they could to finalize their divorces before New Year’s Eve, because there are new tax rules that will impact ex-spouses in 2019. There’s bad news and... Continue reading
Posted Feb 6, 2019 at New York Trusts & Estates
Life Insurance Still Has an Important Role in Estate Planning in New City, New York Since the financial recession of 2008, many baby boomers changed their thinking about their retirement savings outlook. They aren’t as optimistic as they once were, and don’t expect to retire debt-free. The recession took the... Continue reading
Posted Feb 5, 2019 at New York Trusts & Estates
How to Make Your Charitable Giving Have a Greater Impact in White Plains, New York Most donations are made in December, and charities of all shapes and sizes make the most of the holiday spirit. However, by taking a bit of time to plan out charitable giving, including doing some... Continue reading
Posted Feb 4, 2019 at New York Trusts & Estates
How Budgets Work for Businesses in White Plains, New York You are so good at what you do that you recently launched a new business. Maybe it’s your retirement dream business? If your skills at bookkeeping and budgeting are nowhere near as good as your new business skill, spend some... Continue reading
Posted Feb 1, 2019 at New York Trusts & Estates
Penalties for Elder Financial Abuse Take a Big Leap in Ohio in New City, New York Ohio has now joined a number of states that are ramping up their efforts to do something about the epidemic of elder financial abuse. Under this new law, the financial penalties are higher and... Continue reading
Posted Jan 31, 2019 at New York Trusts & Estates
How Does a Blind Trust Work? in White Plains, New York Sounds crazy: you’re going to take all your assets and put them in a special kind of trust called a blind trust, where you won’t have any idea of what is happening to your assets and you won’t have... Continue reading
Posted Jan 30, 2019 at New York Trusts & Estates
How Old Do I Have to Be to Need an Estate Plan? In New City, New York If an estate plan sounds like something that only an adult needs, and you’re over 18, then congratulations: you qualify. That is true if you have any assets, and if you have children,... Continue reading
Posted Jan 29, 2019 at New York Trusts & Estates
Inherited an IRA? Here’s What You Need to Know About Taxes in White Plains, New York As more people inherit IRAs, the chances for serious snafus may surge. Pay attention, because mistakes here can get very expensive, very fast. When you are the executor of an estate, you are responsible... Continue reading
Posted Jan 28, 2019 at New York Trusts & Estates