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Now Is the Time for Estate Planning

As life is unpredictable, it is better to start planning sooner rather than later. In fact, upon attaining the legal age of majority in your state of residence (typically at age 18), you should begin considering some form of an estate plan.

10/10/23 • by: Vick Law, P.C.

Should I Enroll in Medicare Before I Retire?

Estate Planning

A recent survey found that a third of those nearing retirement age (62-64) who plan to keep working past 65 don’t understand they can sign up for what is often more affordable Medicare coverage, even while they’re still employed. Kiplinger’s recent article, “Yes, You Can Sign Up for Medicare While You’re Still Working,” says that with retirement further away for many, some people must get some help understanding their options. The article answers some common questions concerning retirement postponement and Medicare coverage, including common misperceptions. Your retirement decision is personal and dependent on your situation. Access to health coverage is…

09/28/23 • by: Vick Law, P.C.

How Can I Minimize or Avoid Estate Taxes?

Estate Planning

An unprecedented rush to relinquish wealth is underway, and it isn’t just for billionaires.

09/28/23 • by: Vick Law, P.C.

How Do I Make Changes to My Estate Plan?

Estate Planning

Wills and trusts are typically changed over time as life circumstances, the state where you reside, or your desired outcomes change.

09/28/23 • by: Vick Law, P.C.

Should I Choose a Revocable or Irrevocable Trust?

Estate Planning | Trust Administration

There are important differences between the two types of trusts, including the amount of control you'll have over your assets.

09/25/23 • by: Vick Law, P.C.

Do I Need a Will?

Estate Planning

"Do I need a will?" Estate planning is a topic that touches the lives of all adults, regardless of age or financial status. In this article, we will demystify the importance of wills, exploring why they are a cornerstone of a well-rounded estate plan and how they play a crucial role in securing your legacy and protecting your loved ones.

09/22/23 • by: Vick Law, P.C.

What are the Different Types of Trusts?

Estate Planning

While a simple living revocable trust often meets the needs of many individuals, some require more specialized trusts to achieve their goals.

09/18/23 • by: Vick Law, P.C.

Tips on How to Pick an Executor

Elder Law | Estate Planning

Have you found an executor (also known as a personal representative) to handle your affairs should you become incapacitated or die?

09/14/23 • by: Vick Law, P.C.

What’s So Bad about Cancelling Irrevocable Trust?

Estate Planning

Before pulling the plug on an irrevocable trust, it’s important to consider several factors like the potential tax consequences and possible alternative solutions.

09/06/23 • by: Vick Law, P.C.

How Can I Help My Child Buy a Home?

Estate Planning

Parents with resources could purchase the property for the child, but that often does not drive the right incentive. How then, do you get the funds to the child in the most responsible and tax-efficient way?

09/06/23 • by: Vick Law, P.C.

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Estate Planning Blog

Now Is the Time for Estate Planning

Should I Enroll in Medicare Before I Retire?

How Can I Minimize or Avoid Estate Taxes?

How Do I Make Changes to My Estate Plan?

Should I Choose a Revocable or Irrevocable Trust?

Do I Need a Will?

What are the Different Types of Trusts?

Tips on How to Pick an Executor

What’s So Bad about Cancelling Irrevocable Trust?

How Can I Help My Child Buy a Home?

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