Name: Vick Law, P.C.
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What are the Rules About Inherited IRAs?

Inheriting an IRA is more complex than many people realize, and making the wrong move can lead to unnecessary taxes and missed opportunities. Whether you’re a spouse, a child, or another type of beneficiary, navigating the rules of an Inherited IRA requires careful planning and a deep understanding of the tax implications. At Vick Law, P.C., we’re here to help you preserve as much of your inheritance as possible and integrate it seamlessly into your estate plan. Don’t let complex rules stand between you and a well-planned financial future. Contact us today to ensure that your inheritance is managed wisely, so you can focus on what truly matters.

11/01/24 • by: Vick Law, P.C.

How Do I Leave Funeral Instructions for My Family?

Estate Planning

Prearranging your funeral provides peace of mind by easing the burden on your family and ensuring that your wishes are followed.

10/28/24 • by: Vick Law, P.C.

Estate Planning for Grandparents Raising Grandchildren: What You Need to Know

Estate Planning

Explore legal options like guardianship and grandparent power of attorney to ensure the well-being of grandchildren you're raising.

10/28/24 • by: Vick Law, P.C.

How Do I Leave the Family Home to My Children?

Estate Planning

At Vick Law, P.C., we understand that estate planning is about more than just dividing assets—it’s about preserving family harmony and ensuring your wishes are carried out without confusion. We can help you craft an estate plan that clearly outlines how your property, including your home, should be handled. This can prevent disputes by ensuring everyone knows exactly what to expect, and what their rights and responsibilities are. Whether you want to ensure that your home is sold or want to allow one child to buy out the others, we can guide you through the options and include provisions that protect against future misunderstandings. We will also make sure that, if one sibling buys out others' shares, the transaction is final and legally binding—ensuring no one can make future claims. Contact Vick Law, P.C. today for a FREE consultation.

10/17/24 • by: Vick Law, P.C.

A Will Is Not Enough: Probate Can Consume 5-10% of Your Estate’s Value

Estate Planning | Probate

A will may not be enough to fully protect your estate. While it’s an important step, it’s really just the beginning. In fact, according to a 1992 study by Esperti & Peterson, probate costs can consume 5-10% of an estate’s value—and this may impact smaller seats even more due to court fees.

10/17/24 • by: Vick Law, P.C.

Estate Planning for the Family Vacation Home

Estate Planning

There is a lot to consider when deciding what will happen to the vacation property in the event of your demise but there is even more to consider in the event that you would require long-term care.