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What is a Transfer on Death Instrument in 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.
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Estate Planning Matters for Baby Boomers’ Senior Living Accommodations

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.
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VICK LAW MEDICAID+ PROGRAM

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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3 Signs You Definitely Need a Trust (and Not Just a Will)

Estate planning is akin to crafting a roadmap for the future; it's about guiding your loved ones through the maze of your final wishes with clarity and ease. At the heart of this journey lie two pivotal tools: wills and trusts. While both serve to shepherd your assets posthumously, certain situations demand the finesse of a trust over a will.
03/29/24 • by: Vick Law, P.C.
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Life Insurance and Estate Planning

Life insurance is a pivotal component of a comprehensive estate plan. Integrating life insurance policies into estate planning can provide financial security for your heirs and ensure that your estate is distributed according to your wishes. When used effectively, life insurance can…
03/29/24 • by: Vick Law, P.C.
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Estate Planning Checklist for 2024: A Comprehensive Guide

Estate planning is more than writing a will; it’s a plan to manage and distribute assets to your dependents. It documents your healthcare preferences, so a loved one decides on medical care according to your wishes. The National Council on Aging (NCOA) Adviser’s article, “Estate Planning Guide and Checklist for 2024,” offers a comprehensive overview of what to consider when planning your estate. This blog post distills the key points from the article and provides an actionable checklist for 2024. Understanding Estate Planning Estate planning organizes your affairs to fulfill your wishes after you pass away. It encompasses decisions about…
03/29/24 • by: Vick Law, P.C.
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A Well-Rounded Estate Plan Addresses Cognitive Decline

We explore the critical importance of addressing cognitive decline in estate planning to safeguard assets and ensure intended inheritance.
03/29/24 • by: Vick Law, P.C.
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Understanding Medicaid Asset Protection Trusts

Medicaid Asset Protection Trusts (MAPTs) are a strategic way to qualify for Medicaid benefits and to preserve your assets. This blog explores how MAPTs work and their benefits.
03/29/24 • by: Vick Law, P.C.
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How to Get a Conservatorship for a Parent

Conservatorship focuses on financial affairs, managing assets and handling financial decisions for someone unable to do so.
03/29/24 • by: Vick Law, P.C.
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Medicaid Asset Recovery Can Take Your Legacy

Did You Know Medicaid Can “Recover” Your Family Home? Click to learn about MAPT and how to protect your family home and legacy.
03/20/24 • by: Vick Law, P.C.
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