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Should I have a Charitable Trust in My Estate Plan?

A charitable trust allows you to donate assets to a chosen tax-exempt charitable organization or nonprofit and comes with certain tax benefits to help you minimize what you might owe to the government.
03/15/22 • by: Vick Law, P.C.
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Is Life Insurance a Good Idea?

According to the U.S. Department of Agriculture, a middle class family raising a child to adulthood will spend over $233,000 on that child between the ages of 0 to 18. That doesn't even factor in the cost of college education, which can be thousands of dollars more per year once a child reaches adulthood. Purchasing a term life insurance policy can ensure your children are provided for - even in a worst-case scenario.
03/14/22 • by: Vick Law, P.C.
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Should I Create a Special Needs Trust for My Grandchild?

A Special Needs Trust can be either a first-party trust created by a parent, grandparent, guardian or a court using the beneficiary’s own funds; or a third-party trust funded with assets belonging to the trust’s creator. Since the beneficiary’s assets are used, a first-party Special Needs Trust requires that the state benefits provider be reimbursed for lifetime benefits paid by it on behalf of the beneficiary.
03/11/22 • by: Vick Law, P.C.
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Will Sitting on the Ground Help Me Live Longer?

Having more and more trouble getting down onto and up off of the floor? Here's the silver lining: Sitting on the floor is also a simple, effective way to maintain strength, function and vitality as you age.
03/10/22 • by: Vick Law, P.C.
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What Does New VA Budget Include for Veterans?

VA is poised to get its largest budget ever, but is it enough?
03/09/22 • by: Vick Law, P.C.
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15 Signs to Review Your Estate Plan

Your estate planning is done, but is it? A periodic review is an important ongoing step to your planning. Continue reading to learn 15 hints you should review your estate plan.
03/07/22 • by: Vick Law, P.C.
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What’s the Latest on Stroke Treatment?

Right now, strokes are largely untreatable. However, a group of researchers at the University of Arizona hopes to change that.
03/06/22 • by: Vick Law, P.C.
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What Happens to Parents’ Debt when They Die?

Adult children typically don’t have to pay their parents’ bills. However, there are exceptions.  Even when a child doesn’t have to pay directly, debt could reduce what they inherit.
03/04/22 • by: Vick Law, P.C.
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Lifetime Legacy Lawyer Podcast: Thomas Vick (Vick Law, P.C.) and Seth Wilson (Adler Attorneys) - February 25, 2022

In this weeks episode of Lifetime Legacy Lawyer Podcast, Thomas A. Vick attorney at Vick Law P.C. and Seth R. Wilson of Adler Attorneys discuss medicaid compliant annuities, avoiding probate, filing taxes after a loved one passes away and more.
03/04/22 • by: Vick Law, P.C.
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How Do You Pass Down a Vacation Home?

If you do not plan appropriately and thoughtfully, problems may arise with respect to this property and your family when you are gone.
03/03/22 • by: Vick Law, P.C.
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