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Yes, You Need a Will. Now.

Yes, you need a will. Now. Less than half of Americans have a will, or have any idea of how they would like to have their money and property handled at the time of their passing. The thought of preparing your own will might feel a little daunting, bringing an onslaught of emotions like fear or sadness.

09/16/22 • by: Vick Law, P.C.

Will Making a Gift Conflict with Medicaid?

Estate Planning

Understanding the different treatment of gifts by the IRS, Medicaid and VA systems can ensure that property passes as expected.

09/16/22 • by: Vick Law, P.C.

5 Things to Consider Before Signing a Nursing Home Agreement?

Estate Planning

5 Things to Consider Before Signing a Nursing Home Agreement? The services provided by a skilled nursing facility are very important. They are also very expensive. The person who arrives at an elder law office with a bill from a nursing home for $19,400—$646.66 per day—is often the same person who signed an electronic version of an admissions form without knowing what would happen.

09/14/22 • by: Vick Law, P.C.

The Risks of DIY Estate Planning

Estate Planning

Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.

09/13/22 • by: Vick Law, P.C.

5 Financial Tips to Consider When a Spouse Dies

Estate Planning

Death, while inevitable, is not often predictable. This can leave many people financially unprepared if their spouse suddenly dies–especially if the deceased was the one that took care of the household balance sheet.

09/09/22 • by: Vick Law, P.C.

What Should Not Be Kept in a Safe Deposit Box?

Estate Planning

A safe deposit box is the perfect place to store certain valuables.

09/07/22 • by: Vick Law, P.C.

IRS Extends Portability Election Option by 3 Years

Estate Planning

Portability allows spouses to combine their exemption from estate and gift tax. This allows a surviving spouse to use the unused estate tax emption of the deceased spouse.

09/06/22 • by: Vick Law, P.C.

What Happens When Business Owners Divorce?

Estate Planning

No one enters a relationship — be it personal or business — thinking it will fail. However, what happens when it does?

09/01/22 • by: Vick Law, P.C.

What is the First Sign of Cognitive Decline?

Estate Planning

Certain habits can signal cognitive impairment.

08/30/22 • by: Vick Law, P.C.

Do I Have to Pay My Spouse’s Debt?

Estate Planning

If husband and wife did not own together or separately any land, a house, a boat etc. but only rented a home and had no children, is the surviving spouse responsible to pay medical bills that insurance did not cover?

08/30/22 • by: Vick Law, P.C.

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Estate Planning Blog

Yes, You Need a Will. Now.

Will Making a Gift Conflict with Medicaid?

5 Things to Consider Before Signing a Nursing Home Agreement?

The Risks of DIY Estate Planning

5 Financial Tips to Consider When a Spouse Dies

What Should Not Be Kept in a Safe Deposit Box?

IRS Extends Portability Election Option by 3 Years

What Happens When Business Owners Divorce?

What is the First Sign of Cognitive Decline?

Do I Have to Pay My Spouse’s Debt?

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