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Why Do Families Feud Over Estates?

A 14-year-long legal fight among five siblings over a Queens woman’s estate has gotten so nasty that it landed two elderly sisters in jail, and now one of them may lose her home.

02/25/22 • by: Vick Law, P.C.

Write a Letter of Intent for Loved Ones

Estate Planning

A letter of intent can make your wishes clear about the care of your children. Executors can use additional information in administering estates, especially if the executor is unrelated to the decedent.

02/17/22 • by: Vick Law, P.C.

7 Estate Planning Terms You Need to Know

Estate Planning

For most people, entering the realm of estate planning can feel a bit like traveling as a tourist into another culture. Because the language itself is unfamiliar, asking a question can result in an answer that is equally confusing.

02/16/22 • by: Vick Law, P.C.

Don't Make These Common Living Trust Mistakes

Estate Planning | Trust Administration

Of course, just because you have a living trust doesn't mean you are all set. Here are a few of the most common mistakes people make with their living trusts.

02/15/22 • by: Vick Law, P.C.

Why is Prince's Estate Still Not Distributed?

Estate Planning | News

The six-year legal battle over pop superstar Prince’s estate has ended, meaning the process of distributing the artist’s wealth could begin next month.

02/11/22 • by: Vick Law, P.C.

What is a Digital Estate Plan?

Estate Planning

Deborah Placet had no idea how to access her husband’s cryptocurrency and other digital accounts after his unexpected death at age 52.

02/09/22 • by: Vick Law, P.C.

Don't Make These Common Estate Planning Mistakes

Estate Planning

Failures in estate planning can have absolutely devastating outcomes, as there are not only financial repercussions but emotional as well. With apologies to poet Robert Burns, the best-laid estate plans of women and men sometimes go awry.

02/08/22 • by: Vick Law, P.C.

A Financial Advocate Can Help Parents with Cognitive Decline

Estate Planning

It can be very awkward as an adult child to discuss dementia and senior cognitive decline with your parents. However, waiting to have these discussions until a senior’s decline is evident may prove even more troubling. Putting in place support, such as a Financial Advocate, can ensure the financial safety of your parents.

02/05/22 • by: Vick Law, P.C.

Estate Planning is for the Young Too

Estate Planning

For young professionals finding their way in the world and just beginning the journey of building wealth, death can seem like a far-off abstraction. However, the cold reality is that no one ever knows what’s around the corner — health problems and freak accidents can happen at virtually any time.

02/03/22 • by: Vick Law, P.C.

Social Security Increase or Cost of Inflation?

Estate Planning

Last year, the Social Security Administration announced that seniors would be getting their largest cost-of-living adjustment, or COLA, in decades. Fueled by rampant inflation, Social Security benefits are in line for a 5.9% boost this year.

02/02/22 • by: Vick Law, P.C.

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Estate Planning Blog

Why Do Families Feud Over Estates?

Write a Letter of Intent for Loved Ones

7 Estate Planning Terms You Need to Know

Don't Make These Common Living Trust Mistakes

Why is Prince's Estate Still Not Distributed?

What is a Digital Estate Plan?

Don't Make These Common Estate Planning Mistakes

A Financial Advocate Can Help Parents with Cognitive Decline

Estate Planning is for the Young Too

Social Security Increase or Cost of Inflation?

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