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How Do I Leave the Family Home to My Children?

At Vick Law, P.C., we understand that estate planning is about more than just dividing assets—it’s about preserving family harmony and ensuring your wishes are carried out without confusion. We can help you craft an estate plan that clearly outlines how your property, including your home, should be handled. This can prevent disputes by ensuring everyone knows exactly what to expect, and what their rights and responsibilities are. Whether you want to ensure that your home is sold or want to allow one child to buy out the others, we can guide you through the options and include provisions that protect against future misunderstandings. We will also make sure that, if one sibling buys out others' shares, the transaction is final and legally binding—ensuring no one can make future claims. Contact Vick Law, P.C. today for a FREE consultation. 
10/17/24 • by: Vick Law, P.C.
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A Will Is Not Enough: Probate Can Consume 5-10% of Your Estate’s Value

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A will may not be enough to fully protect your estate. While it’s an important step, it’s really just the beginning. In fact, according to a 1992 study by Esperti & Peterson, probate costs can consume 5-10% of an estate’s value—and this may impact smaller seats even more due to court fees. 
10/17/24 • by: Vick Law, P.C.
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How to Talk about Money with Loved Ones

Family wealth discussions are never easy. Nonetheless, it’s necessary to talk about money with loved ones. Use the right approach to stay on the same page and avoid miscommunication.
10/11/24 • by: Vick Law, P.C.
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Advance Healthcare Directives & Why You Need One

After a tragic accident, Nancy Cruzan’s family couldn’t make medical decisions for her and fought years-long court battles to help her situation. An advance care directive could have prevented Cruzan from living for seven years in a permanent vegetative state.
10/11/24 • by: Vick Law, P.C.
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Estate Planning for the Family Vacation Home

There is a lot to consider when deciding what will happen to the vacation property in the event of your demise but there is even more to consider in the event that you would require long-term care.
10/11/24 • by: Vick Law, P.C.
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What Do I Do When My Spouse Dies?

The death of a spouse leaves a long list of things to do, all while you’re grieving. It can be tough to know exactly what to tackle first.
10/11/24 • by: Vick Law, P.C.
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4 Recent Law Changes That Will Impact Your Estate

The year-end 2024 crunch is coming. What should you consider and do now? Many things are happening that affect your estate planning, and you need to evaluate it.
10/11/24 • by: Vick Law, P.C.
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What Is a ‘Second Retirement,’ and How to Plan for It?

Women typically live longer than men, so they should prepare for a ‘second retirement,’ often with different needs and associated costs.
10/01/24 • by: Vick Law, P.C.
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Estate Planning for Non-Citizens with U.S. Assets

Estate planning is crucial for non-citizens with U.S. assets to minimize potential tax burdens.
10/01/24 • by: Vick Law, P.C.
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Creating a Senior Life Plan to Reduce the Burden on Loved Ones as You Age

A senior life plan can reduce the burden on loved ones by addressing medical, financial and legal needs before they become urgent.
10/01/24 • by: Vick Law, P.C.
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