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Can I Leave a Gift to My Alma Mater?

A love for nursing and a desire to help young people prompted a Norfolk man to include a nursing scholarship at Northeast Community College in his estate planning.
01/26/23 • by: Vick Law, P.C.
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What Happens to Jointly Owned Property When the Owner Dies?

Various types of property, such as bank accounts and real estate, can be owned jointly with another person(s).
01/25/23 • by: Vick Law, P.C.
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6 Things You Need Besides a Will in Your Estate Plan

One reason for having a will is to make sure your wishes are carried out. If you die “intestate” (without a will), your assets will be distributed by state law, not by your desires.
01/23/23 • by: Vick Law, P.C.
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Mistakes to Avoid When Designating Power of Attorney

Estate experts agree that a financial power of attorney is one of the most important documents to include in your estate planning. It allows you (the “principal”) to name a person you trust (your “agent”) to make decisions about your property and finances if you cannot.
01/23/23 • by: Vick Law, P.C.
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5 Beneficiary Mistakes to Avoid

Before making a decision on a beneficiary, it's very important to check your state laws. Some states have different rules on who you can name as a beneficiary.
01/20/23 • by: Vick Law, P.C.
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4 Tips to Create an Estate Plan

The misconception that estate plans are only for wealthy individuals often prevents people from putting a plan in place. However, having an estate plan is beneficial for anyone.
01/18/23 • by: Vick Law, P.C.
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Where Should an Estate Plan Be Stored?

Safeguarding legal documents and providing access to this information is a big consideration in your caregiving plan.
01/17/23 • by: Vick Law, P.C.
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What Is a Digital Asset for Estate Planning?

At any given time, the average American maintains between 30 and 50 online accounts. These may be with banks, financial institutions, utility companies, email providers, social media outlets, commercial shopping or travel sites and accounts unique to technology, such as an account to purchase apps for a smartphone.
01/10/23 • by: Vick Law, P.C.
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Should Each Child Get Equal Inheritance?

Equally sharing the wealth among the children isn’t always fair, such as when one sibling is the primary caretaker, or another is already wealthy.
01/09/23 • by: Vick Law, P.C.
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6 Tips to Age in Place

As people age, health and mobility issues can make independent living at home more difficult. However, not everyone can afford a nursing home or assisted living, and not everyone wants to move to one of these facilities.
01/06/23 • by: Vick Law, P.C.
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