Category Archives: Estate Planning

Are you and your spouse holding real estate in a trust as a married couple? Or you are planning to, someday in the future? There are different ways to go about this, so today we’re going to talk about the method we use here at Parks & Jones and the benefits of our method. This […]

It’s not enough to simply have a will. If you want to ensure your assets are distributed in the way you’ve planned after your death, you must learn how to title your assets properly. Too many people forget to title their assets, forget to update them, or simply assume their family and friends will bestow […]

When your beneficiary inherits your tax-deferred retirement plan (whether it’s a 401(k), IRA, 403(b), or SEP) after you pass away, they are required to pay taxes on all the money they receive. These taxes, which could include Income Taxes, Estate Taxes, and IRD Taxes (Income in Respect of a Decedent Taxes), can cost the beneficiary […]

Do you own guns? Whether you have one, two, or a whole collection, it is important that you learn about gun transfer after death. If the gun (or guns) is not transferred properly, your beneficiaries could end up facing state and/or federal prosecution. Assuming you don’t want to leave your loved ones with a burden […]

Eventually every Estate Plan requires administration. What is administration in the context of an estate plan? To put it simply, it is the process that occurs after someone has passed. Many people neglect to prepare for their estate planning administration, making it difficult for their attorneys to take control of the situation. We do our […]

Have you ever wondered what happens to your Internet accounts when you die (or become disabled)? Assuming you've been very prudent and private with your passwords, no one will be able to login to your online accounts. Your e-mail, social media, e-commerce sites, and all other online accounts protected by an encrypted password will be […]

Everyone has an email account, probably a Facebook account, online bill pay and bank accounts, and other online personalities. What happens to those accounts when you become incapacitated, or when you die? Recently, a good friend of mine passed away in Colorado and now a year later I can still see his Facebook page online. […]

Did you know that the average cost of one year in a nursing home is $83,000? That's nearly $7,000 a month! Paying for a nursing home can be very difficult, especially if your long-term care insurance is cost prohibitive or if you are uninsurable. However, by working with an attorney experienced in elder law, you […]