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What are the Basics of Estate Planning?

Discussing estate planning with others can be uncomfortable and easily avoided, yet this is an important part of financial planning.

01/02/24 • by: Vick Law, P.C.

How Does Estate Planning Protect Young Children?

Estate Planning

To make sure that your children are taken care of if something happens to you, it’s important to appoint a guardian, establish a trust and ensure there’ll be financial support.

01/02/24 • by: Vick Law, P.C.

Tax Deductions for Seniors Only

Estate Planning

There are a host of tax breaks available to retirees and older Americans. However, they’re easy to miss.

01/02/24 • by: Vick Law, P.C.

Estate Planning for Elderly Parents

Estate Planning

Estate planning is a crucial process for everyone. However, it becomes particularly imperative for our elderly parents. As they advance in age, creating a complete estate plan ensures that their wishes are honored, and their affairs are in order for the inevitable. This guide will walk you through the essential steps and documents involved in estate planning for aging parents, helping you to make financial and medical decisions that are aligned with their desires. Understanding the Importance of an Estate Plan for Your Elderly Parent Estate planning is not merely about distributing assets. It’s a comprehensive approach to managing an…

01/02/24 • by: Vick Law, P.C.

5 Signs You Should Update Your Estate Plan

Estate Planning

From the birth of a child to a newfound charitable drive, these are the instances in which an alteration to your estate plan is critical.

12/22/23 • by: Vick Law, P.C.

Essential Estate Planning Considerations for Minor Children

Estate Planning

It is so important for parents to have an estate plan that not only takes care of their personal and financial matters but also addresses the well-being of their minor child or children. Delving into estate planning considerations can be overwhelming, especially when young children are involved. This guide will provide you with a comprehensive understanding of estate planning for minors. Estate Planning: Why Is It Essential for Parents with Young Children? Estate planning for parents with young children involves setting up mechanisms to ensure that, in the event both parents pass away, their children will…

12/22/23 • by: Vick Law, P.C.

Protecting Your Assets from Nursing Home Costs

Estate Planning

Elder law attorneys see firsthand the financial strain that nursing home expenses can place on families. With the rising costs of long-term care and the complexities of becoming eligible for Medicaid benefits, it’s crucial to understand how to protect your nest egg. This article sheds light on the financial strain many Americans face regarding elder care costs. Using planning methods to preserve your hard-earned assets while ensuring quality care for yourself or your loved ones by working with an experienced elder law attorney is crucial. Start the discussion early with your spouse or family about ways to protect your assets…

12/15/23 • by: Vick Law, P.C.

Durable Power of Attorney and Health Care Directives

Estate Planning

Navigating the world of estate planning can be daunting, especially when it comes to understanding the intricacies of the durable power of attorney. This article delves deep into the world of durable power of attorney, its types and its significance in health care and financial matters. By the end, you’ll be equipped with the knowledge to make informed decisions about your future and the well-being of your loved ones. What Is a Durable Power of Attorney? A durable power of attorney (DPOA) is a legal document that allows you to appoint someone you trust to make decisions on your behalf…

12/01/23 • by: Vick Law, P.C.

Why You Should Put Your House in a Trust

Estate Planning

Putting a home into a trust has several benefits, from avoiding the lengthy probate process to providing potential tax advantages. This article discusses some of the intricacies of trusts and the importance of consulting with an experienced estate planning attorney. What Is a Trust and Why Is It Important? A trust is a legal arrangement where one person (the grantor) transfers ownership of their assets, like a house, to a trustee. The trustee holds and manages these assets on behalf of the named beneficiaries. One main benefit of putting property in a trust is to avoid probate, which can be…

12/01/23 • by: Vick Law, P.C.

Selling the Family Home When Moving into New Living Situation

Estate Planning

Selling a home when a loved one decides to move into an assisted living facility can present some emotional aspects that will not necessarily be present when selling one’s own home.

12/01/23 • by: Vick Law, P.C.

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Estate Planning Blog

What are the Basics of Estate Planning?

How Does Estate Planning Protect Young Children?

Tax Deductions for Seniors Only

Estate Planning for Elderly Parents

5 Signs You Should Update Your Estate Plan

Essential Estate Planning Considerations for Minor Children

Protecting Your Assets from Nursing Home Costs

Durable Power of Attorney and Health Care Directives

Why You Should Put Your House in a Trust

Selling the Family Home When Moving into New Living Situation

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