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Estate Planning Tips for Blended Families to Protect New Goals and Loved Ones

Estate planning for blended families presents unique challenges. Unlike traditional family structures, reports Barrons recent article titled, “When Remarrying Creates a Blended Family: Advice From Financial Pros,” blended families often involve complex relationships and diverse financial backgrounds, making the process of estate and financial planning more intricate. This article has tips for blended families on identifying overall estate planning goals and concerns and identifying heirs to protect your new family and future.
01/02/24 • by: Vick Law, P.C.
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Can I Prevent Children from Fighting over my Estate?

Parents typically do not want their surviving children to fight over their inheritances after the parents die. Careful planning may reduce the risk of foreseeable in-family conflicts.
01/02/24 • by: Vick Law, P.C.
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Maximizing Your Legacy: Strategic Ways to Include Charities in Your Estate Plan

Leaving a legacy through charitable bequests is not just for the wealthy. Sharon Waters highlighted in her AARP article that anyone can make a lasting impact by including charities in their estate plan. This article explores various strategies to do so effectively. Understanding the Impact of Charitable Bequests Charitable bequests are instructions to allocate assets to charitable organizations within a will or estate plan. These bequests can create a lasting impact, supporting causes and organizations that matter to you long after you’re gone. Even modest bequests can significantly contribute to a charity’s mission. Assessing Your Options for Charitable Giving There…
01/02/24 • by: Vick Law, P.C.
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What are the Basics of Estate Planning?

Discussing estate planning with others can be uncomfortable and easily avoided, yet this is an important part of financial planning.
01/02/24 • by: Vick Law, P.C.
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How Does Estate Planning Protect Young Children?

To make sure that your children are taken care of if something happens to you, it’s important to appoint a guardian, establish a trust and ensure there’ll be financial support.
01/02/24 • by: Vick Law, P.C.
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Tax Deductions for Seniors Only

There are a host of tax breaks available to retirees and older Americans. However, they’re easy to miss.
01/02/24 • by: Vick Law, P.C.
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Estate Planning for Elderly Parents

Estate planning is a crucial process for everyone. However, it becomes particularly imperative for our elderly parents. As they advance in age, creating a complete estate plan ensures that their wishes are honored, and their affairs are in order for the inevitable. This guide will walk you through the essential steps and documents involved in estate planning for aging parents, helping you to make financial and medical decisions that are aligned with their desires. Understanding the Importance of an Estate Plan for Your Elderly Parent Estate planning is not merely about distributing assets. It’s a comprehensive approach to managing an…
01/02/24 • by: Vick Law, P.C.
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5 Signs You Should Update Your Estate Plan

From the birth of a child to a newfound charitable drive, these are the instances in which an alteration to your estate plan is critical.
12/22/23 • by: Vick Law, P.C.
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Essential Estate Planning Considerations for Minor Children

It is so important for parents to have an estate plan that not only takes care of their personal and financial matters but also addresses the well-being of their minor child or children. Delving into estate planning considerations can be overwhelming, especially when young children are involved. This guide will provide you with a comprehensive understanding of estate planning for minors. Estate Planning: Why Is It Essential for Parents with Young Children? Estate planning for parents with young children involves setting up mechanisms to ensure that, in the event both parents pass away, their children will…
12/22/23 • by: Vick Law, P.C.
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Protecting Your Assets from Nursing Home Costs

Elder law attorneys see firsthand the financial strain that nursing home expenses can place on families. With the rising costs of long-term care and the complexities of becoming eligible for Medicaid benefits, it’s crucial to understand how to protect your nest egg. This article sheds light on the financial strain many Americans face regarding elder care costs. Using planning methods to preserve your hard-earned assets while ensuring quality care for yourself or your loved ones by working with an experienced elder law attorney is crucial. Start the discussion early with your spouse or family about ways to protect your assets…
12/15/23 • by: Vick Law, P.C.
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