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How Much Money Can Be Gifted Tax-Free?

If you’re planning to give your children a financial head start, or support a charitable cause that you’re passionate about, you will need to keep the annual exclusion for gift taxes in mind.

05/10/24 • by: Vick Law, P.C.

How Do I Support a Child with Special Needs?

Estate Planning

Families that include individuals with special needs require planning to secure their loved ones’ security in the future, both in legal and financial terms. There’s usually no expectation of the child becoming an independent adult, so careful planning is needed, as advised in the recent article “Financial Planning for Families with Disabilities” from Wealth Management. Many families neglect planning for their retirement, focusing all their resources on developing a plan for their disabled child. However, retirement and their child’s future need to be secured, which is where an estate planning attorney can help. In 2014, Congress created The Achieving a…

05/03/24 • by: Vick Law, P.C.

Why is a Will Important?

Estate Planning

While many people put off wills until the unattainable ‘later,’ many others simply fail to create a will because they do not really understand what and how the document works.

05/01/24 • by: Vick Law, P.C.

Asset Protection Strategies for Medicaid Eligibility

Estate Planning

Learn how to protect assets and become eligible for Medicaid with practical strategies, while avoiding questionable methods.

04/22/24 • by: Vick Law, P.C.

Investment Planning, Building Wealth & Managing Taxes

Estate Planning

Strategic asset allocation and estate planning strategies hinge on carefully considering future financial needs. Today's volatile markets spotlight financial questions of how much and when you'll need to fund retirement to senior living and the time in between while preserving wealth for beneficiaries.

04/19/24 • by: Vick Law, P.C.

Why Estate Planning Is Essential for Small Business Owners

Estate Planning

Your business, likely your most valuable asset, deserves careful consideration within your estate plan to ensure a smooth transition of ownership and management in the event of incapacity or death.

04/19/24 • by: Vick Law, P.C.

The Estate Planning Talk You Need to Have with Aging Parents

Estate Planning

An estate plan with wealth preservation, long-term care and medical directives strategies provides clarity and guidance to loved ones on aging parents' wishes, while retaining control for aging parents over financial and health-related matters.

04/16/24 • by: Vick Law, P.C.

What is a Transfer on Death Instrument in Estate Planning?

Estate Planning

Transfer on Death (TOD) instruments are a cost-effective solution that preserves intergenerational wealth, in an accessible avenue for individuals to safeguard their assets and leave a lasting legacy for future generations.

04/16/24 • by: Vick Law, P.C.

Estate Planning Matters for Baby Boomers’ Senior Living Accommodations

Estate Planning

Strategies like living trusts and irrevocable trusts help baby boomers protect wealth, support independence and senior residence preferences, and plan for Medicaid approval requirements.

04/07/24 • by: Vick Law, P.C.

VICK LAW MEDICAID+ PROGRAM

Estate Planning

At Vick Law, P.C., we're committed to ensuring that our clients have the support they need to maintain their Medicaid eligibility and access the benefits they deserve. With our Medicaid+ Program, you can rest assured knowing that you have a dedicated team of legal professionals advocating for your best interests every step of the way. Don't let the complexities of Medicaid eligibility overwhelm you – contact us today for more information about how our Medicaid+ Program can provide you with peace of mind and security.

04/03/24 • by: Vick Law, P.C.

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Estate Planning Blog

How Much Money Can Be Gifted Tax-Free?

How Do I Support a Child with Special Needs?

Why is a Will Important?

Asset Protection Strategies for Medicaid Eligibility

Investment Planning, Building Wealth & Managing Taxes

Why Estate Planning Is Essential for Small Business Owners

The Estate Planning Talk You Need to Have with Aging Parents

What is a Transfer on Death Instrument in Estate Planning?

Estate Planning Matters for Baby Boomers’ Senior Living Accommodations

VICK LAW MEDICAID+ PROGRAM

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