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4 Reasons You May Need a Life Estate

A life estate is a type of property ownership or tenancy that grants an individual the right to use and enjoy a property for the remainder or their life. It gives an ownership interest to someone else.
04/24/23 • by: Vick Law, P.C.
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Single Parents Need Estate Planning

Nobody likes thinking about what happens if they should become incapacitated or die. However, we all need to have a plan in place for just these possibilities.
04/19/23 • by: Vick Law, P.C.
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Can I Motivate My Heirs After I’m Gone?

Is It OK to Rule from the Grave?
04/19/23 • by: Vick Law, P.C.
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Planning for Long-Term Care and Taxes

Many families discover that trying to mitigate the cost of long-term care can conflict with another common retirement concern—reducing taxes for retirees and their heirs.
04/18/23 • by: Vick Law, P.C.
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Real Estate and Estate Planning ft. Teddy Conn (3-31-23)

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Thomas Vick and Seth Wilson discuss the overlap between estate planning and real estate with realtor Teddy Conn. Educational Content As each situation is fact dependent, please contact an attorney to discuss the facts of your specific situation.
04/14/23 • by: Vick Law, P.C.
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Do I Need a Trust in My Estate Plan for Real Estate?

Trusts are widely used in estate planning, so estates can avoid going through probate and maintain privacy. The terms of the trust ensure the wishes of the property owner are adhered to and their property gets distributed to the proper beneficiaries.
04/14/23 • by: Vick Law, P.C.
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Does ‘Spousal Impoverishment’ Protect against Medicaid Recovery?

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Seventy percent of those who reach age 65 will need long-term care services or expensive in-home nursing care, and 42% of it nationwide is paid for by Medicaid.
04/13/23 • by: Vick Law, P.C.
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5 Smart Ways to Transfer Real Estate to Your Children

For many parents, transferring real estate to their children is an important part of their estate planning process. There are several ways that parents can do this, each with its own advantages and disadvantages.
04/12/23 • by: Vick Law, P.C.
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Endowments Can Help You Leave a Legacy

I didn’t know Nancy Whitaker well. When I taught at River Valley, Nancy was the speech pathologist. I met with her when students had speech and hearing educational plans. She was likeable, friendly and cared deeply for the students. I didn't know Nancy Whitaker well, but I knew I liked her.
04/11/23 • by: Vick Law, P.C.
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Protecting Inheritances in a Blended Family

As divorce and second marriages become increasingly common, more people find themselves raising children who are not biologically their own. Estate planning for blended families should address this unique situation.
04/10/23 • by: Vick Law, P.C.
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