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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.

Drawbacks to Adding a Child to Your Deed

Estate Planning

It’s true that if your child is on your deed as a joint tenant on your home, your home will not have to go through probate if your child survives you. At your death, your surviving child would immediately become the sole owner of your home without probate and with minimal transfer costs.

03/21/22 • by: Vick Law, P.C.

What Did I Hear about Over-the-Counter Hearing Aids?

Senior Health

The U.S. Food and Drug Administration (FDA) has announced what it calls a ‘landmark proposal’ to make hearing aids available without a prescription, a long-awaited move aimed at making the devices more affordable and accessible to the millions of Americans living with hearing loss.

03/18/22 • by: Vick Law, P.C.

How to Protect Crypto Assets in Estate Plans

Estate Planning

If you have $10 in a crypto wallet or $1 million stashed offline in cold storage, you need a plan to help your next of kin gain access when you die, especially if heirs are not familiar with the brave new world of digital money. There can be challenges to accessing crypto assets for your heirs. Click to learn what to include in your digital estate plan that may help.

03/17/22 • by: Vick Law, P.C.

What Does a Good Hospital Discharge Plan Look Like for My Mom?

Senior Health

Standing up to a health care professional can be daunting, especially if you're worried about a premature discharge from a hospital.

03/16/22 • by: Vick Law, P.C.

Should I have a Charitable Trust in My Estate Plan?

Estate Planning

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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Estate Planning Blog

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?

Drawbacks to Adding a Child to Your Deed

What Did I Hear about Over-the-Counter Hearing Aids?

How to Protect Crypto Assets in Estate Plans

What Does a Good Hospital Discharge Plan Look Like for My Mom?

Should I have a Charitable Trust in My Estate Plan?

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