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What Do I Need to ‘Age in Place’?

As they get older, many — even most — Americans prefer to remain in their own homes as long as they can, AKA “age in place.” However, to do that, many will need to make their residences safer and easier to navigate, by making home modifications.
05/01/22 • by: Vick Law, P.C.
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Life Insurance Proceed Advice for Widows

There are many options, but the best use of the money is different for each widow and her unique circumstances.
04/28/22 • by: Vick Law, P.C.
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5 Steps to Avoid the Economic Dangers of Caregiving

If caregiving looms in your future — and it likely does if you’re a daughter, an only child or the one (if you are, you know what I mean) — take time now to protect your financial life.
04/12/22 • by: Vick Law, P.C.
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Should I Delay Claiming Social Security?

When you begin claiming affects how much money you get from the program, and once you're receiving checks, it's difficult to undo your decision.
04/08/22 • by: Vick Law, P.C.
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How Do I Protect My Children in a Second Marriage?

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.
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Does Advance Care Planning Empower Patients?

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.
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Do You Need a Revocable or an Irrevocable Trust?

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.
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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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How to File Tax Return When Mom Passes Away

No one likes doing taxes, but the task is even more daunting when filing a return for someone who has died.
02/23/22 • by: Vick Law, P.C.
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Protect Your Spouse with a Medicaid Annuity

It’s not uncommon for older couples to reach a point when nursing home care is needed for one spouse — and the cost isn’t something they were prepared for.
02/22/22 • by: Vick Law, P.C.
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