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3 Succession Planning Tips for Family Businesses

While 88% of business owners believe their family will control their business in five years, statistics from Family Business Institute show that only 33% of businesses survive to transfer to the next generation, and only 10-15% continue to the third generation.

04/28/22 • by: Vick Law, P.C.

Important Estate Planning Tips for Singles?

Estate Planning

If you don’t have a spouse or children, you might think you don’t need to do much estate planning. However, if you have any assets, familial connections, or interest in supporting charitable groups – not to mention a desire to control your own future – you do need to establish an estate plan.

04/26/22 • by: Vick Law, P.C.

Changes for Veterans Affairs Medical Centers (VAMC)?

Estate Planning

Thirty-five Veterans Affairs Medical Centers in 21 different states would be closed or completely reconstructed under a nearly $2 trillion infrastructure overhaul unveiled by department leadership on Monday.

04/23/22 • by: Vick Law, P.C.

Do I Need a Living Trust?

Estate Planning

If you’re putting together an estate plan, you have no doubt heard about the benefits of a living trust.

04/21/22 • by: Vick Law, P.C.

13 Tips to Get Your Personal and Financial Affairs in Order

Estate Planning

The first step in getting your affairs in order is to gather up all your important personal, financial and legal information, so you can arrange it in a format that will benefit you now and your loved ones later.

04/20/22 • by: Vick Law, P.C.

How Does a Trust Fund Work?

Estate Planning

Trust funds are an important estate planning tool. They can protect your assets while you’re alive and help ensure that you leave money to your children or other loved ones after you die.

04/19/22 • by: Vick Law, P.C.

Is Estate Planning Affected by Property in Two States?

Estate Planning

When it comes to owning property in two different states, you may wonder how to manage these in your estate plans.

04/18/22 • by: Vick Law, P.C.

Can I Pay Less Taxes on My Retirement Funds?

Estate Planning

You don't get to use all the money in your traditional 401(k) and IRA for retirement because you still have to pay taxes on it.

04/14/22 • by: Vick Law, P.C.

What 2 Things Should I Leave Out of My Will?

Estate Planning

Unfortunately, there are several common missteps people make in their estate planning that can lead to unwanted results. Read on to discover the two things you should never include in your will, as well as what to substitute instead.

04/13/22 • by: Vick Law, P.C.

Should I Delay Claiming Social Security?

Elder Law | Estate Planning

When you begin claiming affects how much money you get from the program, and once you're receiving checks, it's difficult to undo your decision.

04/08/22 • by: Vick Law, P.C.

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Estate Planning Blog

3 Succession Planning Tips for Family Businesses

Important Estate Planning Tips for Singles?

Changes for Veterans Affairs Medical Centers (VAMC)?

Do I Need a Living Trust?

13 Tips to Get Your Personal and Financial Affairs in Order

How Does a Trust Fund Work?

Is Estate Planning Affected by Property in Two States?

Can I Pay Less Taxes on My Retirement Funds?

What 2 Things Should I Leave Out of My Will?

Should I Delay Claiming Social Security?

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