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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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3 Big Reasons to Have an Estate Plan

Estate planning not only makes things easier for your loved ones if you become incapacitated or when you’re gone, but it also does these three important things.
11/06/23 • by: Vick Law, P.C.
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How Does an Inheritance Trust Work?

Inheritance trusts take on critical importance in wealth management, particularly for multi-generational families.
10/30/23 • by: Vick Law, P.C.
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Why Your Will Is Just One Part of an Estate Plan

Those beneficiary forms you filled out years ago can supersede your other estate plans.
10/30/23 • by: Vick Law, P.C.
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