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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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Durable Power of Attorney and Health Care Directives

Navigating the world of estate planning can be daunting, especially when it comes to understanding the intricacies of the durable power of attorney. This article delves deep into the world of durable power of attorney, its types and its significance in health care and financial matters. By the end, you’ll be equipped with the knowledge to make informed decisions about your future and the well-being of your loved ones. What Is a Durable Power of Attorney? A durable power of attorney (DPOA) is a legal document that allows you to appoint someone you trust to make decisions on your behalf…
12/01/23 • by: Vick Law, P.C.
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Why You Should Put Your House in a Trust

Putting a home into a trust has several benefits, from avoiding the lengthy probate process to providing potential tax advantages. This article discusses some of the intricacies of trusts and the importance of consulting with an experienced estate planning attorney. What Is a Trust and Why Is It Important? A trust is a legal arrangement where one person (the grantor) transfers ownership of their assets, like a house, to a trustee. The trustee holds and manages these assets on behalf of the named beneficiaries. One main benefit of putting property in a trust is to avoid probate, which can be…
12/01/23 • by: Vick Law, P.C.
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Selling the Family Home When Moving into New Living Situation

Selling a home when a loved one decides to move into an assisted living facility can present some emotional aspects that will not necessarily be present when selling one’s own home.
12/01/23 • by: Vick Law, P.C.
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Estate Planning in Seven Steps

Estate planning is a profound journey that transcends generations, ensuring that your legacy endures with precision and care.
11/30/23 • by: Vick Law, P.C.
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How to Stay Safe During Scam Season

In today’s digital age, scams targeting the elderly are on the rise, making it crucial for adult children and caregivers to be vigilant. This article delves deep into the world of scams and fraud, offering actionable steps you can take to shield your elderly parents from these malicious threats. Read on to discover the best ways to protect your parents and ensure their financial safety. What Makes Seniors a Prime Target for Scammers? Scammers often target older adults because they are perceived as more trusting and less likely to report scams. Cognitive decline in some seniors can also make them…
11/30/23 • by: Vick Law, P.C.
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The Difference Between Power of Attorney and Guardianship

Navigating the intricate landscape of elder law can be daunting, especially when faced with the decision between guardianship and power of attorney for elderly parents. This article sheds light on the difference between guardianship and power of attorney, providing clarity on which approach might be the best fit for your family's unique situation. What Exactly Is a Power of Attorney? A power of attorney is a legal document that empowers an individual, often referred to as the agent; or attorney-in-fact; to act on behalf of another, known as the principal.
11/30/23 • by: Vick Law, P.C.
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What’s the Secret to Saving on Funeral Expenses?

Pre-planning is the secret to saving costs on funeral expenses. Here are six ways to cut the costs on end-of-life services.
11/16/23 • by: Vick Law, P.C.
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How to Get Your Estate Plan Started

You’re not too young, you do have enough assets and don’t you want to make things easier for your loved ones after you pass away?
11/16/23 • by: Vick Law, P.C.
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