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Is My Elderly Parent Being Scammed?

In the wake of the coronavirus pandemic, many older adults are more socially isolated than ever—and thus more vulnerable to being financially victimized.

04/05/22 • by: Vick Law, P.C.

7 Common Estate Planning Mistakes

Estate Planning

Your last will and testament is one of the most important legal documents that you will ever make. It allows you to direct where you want your property, guardianship and debts to go after you die, and allows you to appoint an executor to act out your wishes.

04/04/22 • by: Vick Law, P.C.

Penalties for Contributing/Withdrawing From My IRA?

Estate Planning

Building and living off a nest egg is tough. However, you can make the situation even more difficult if you run afoul of some key laws governing retirement accounts.

04/01/22 • by: Vick Law, P.C.

7 Estate Planning Issues to Discuss with Your Parents

Estate Planning

If you have a parent over the age of, say, 65, thoughts about their future may have started to creep into your mind. End-of-life planning can be emotional and overwhelming, it’s tempting to put these conversations off — and even more pleasing to avoid them altogether. If there’s a lesson to be learned from the pandemic, however, it’s that waiting until the last minute to prepare is seldom a good idea.

03/31/22 • by: Vick Law, P.C.

How Do I Protect My Children in a Second Marriage?

Elder Law | Estate Planning

Who’s going to inherit on the death of one of the re-marrieds? Will this be the surviving spouse? If so, where will those inherited monies go on the second-to-die’s death?

03/30/22 • by: Vick Law, P.C.

Why Should I Give My Money Away?

Estate Planning

Everyone likes money, right? Giving money to family or friends can also be a smart tax planning move.

03/29/22 • by: Vick Law, P.C.

Does Advance Care Planning Empower Patients?

Elder Law | Senior Health

New research, published in JAMA Network Open shows that using a comprehensive approach to engage patients in Advance Care Planning (ACP) during the COVID-19 pandemic effectively improves the opportunity for ACP discussions and documentation as well as equitable healthcare delivery.

03/25/22 • by: Vick Law, P.C.

Is the President Proposing to Help Nursing Home Quality?

Estate Planning

On Monday, White House officials outlined more than 20 separate actions, many of them sought by advocates and opposed by the industry.

03/24/22 • by: Vick Law, P.C.

Do You Need a Revocable or an Irrevocable Trust?

Elder Law | Estate Planning

There are two main kinds of trusts: revocable and irrevocable. Many seniors planning for the future may want to place their home in a trust for their children. This is especially true if the house is paid off, and free and clear of a mortgage. However, what would happen if the home were placed in a trust and the senior then decides to sell it?

03/23/22 • by: Vick Law, P.C.

Sell Mom's House if She Moves to a Nursing Home?

Estate Planning

Reaching the point where you need to consider residential options for your mother can be overwhelming. Not only is it emotionally fraught, there are also financial and legal considerations.

03/22/22 • by: Vick Law, P.C.

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Estate Planning Blog

Is My Elderly Parent Being Scammed?

7 Common Estate Planning Mistakes

Penalties for Contributing/Withdrawing From My IRA?

7 Estate Planning Issues to Discuss with Your Parents

How Do I Protect My Children in a Second Marriage?

Why Should I Give My Money Away?

Does Advance Care Planning Empower Patients?

Is the President Proposing to Help Nursing Home Quality?

Do You Need a Revocable or an Irrevocable Trust?

Sell Mom's House if She Moves to a Nursing Home?

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