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Estate Planning for Family Landowners

As a landowner, planning for the future and ensuring that your property is preserved and passed down to future generations is essential. This article explores how estate planning can help landowners safeguard their legacy and ensure continuity for their family farm or ranch.
05/24/24 • by: Vick Law, P.C.
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Can I Afford Long-Term Care?

High healthcare costs often do not align with the fixed income of older individuals, raising concerns about affordability and accessibility. We explore the need for long-term care, why Medicare and Medicaid are not long-term options, and estate planning to plan for skilled nursing care proactively.
05/13/24 • by: Vick Law, P.C.
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Estate Planning for Cognitive Decline

Cognitive decline, particularly associated with conditions like Alzheimer's disease, poses significant risks for financial exploitation. This post explores practical estate planning strategies to protect vulnerable individuals when signs of dementia are noticed.
05/10/24 • by: Vick Law, P.C.
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What Estate Planning Documents do I Need?

Incapacity can happen to anyone at any time, but your risk generally increases as you grow older. Consider what would happen if, for example, you were unable to make decisions or conduct your own affairs.
05/10/24 • by: Vick Law, P.C.
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How Much Money Can Be Gifted Tax-Free?

If you’re planning to give your children a financial head start, or support a charitable cause that you’re passionate about, you will need to keep the annual exclusion for gift taxes in mind.
05/10/24 • by: Vick Law, P.C.
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How Do I Support a Child with Special Needs?

Families that include individuals with special needs require planning to secure their loved ones’ security in the future, both in legal and financial terms. There’s usually no expectation of the child becoming an independent adult, so careful planning is needed, as advised in the recent article “Financial Planning for Families with Disabilities” from Wealth Management. Many families neglect planning for their retirement, focusing all their resources on developing a plan for their disabled child. However, retirement and their child’s future need to be secured, which is where an estate planning attorney can help. In 2014, Congress created The Achieving a…
05/03/24 • by: Vick Law, P.C.
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Why is a Will Important?

While many people put off wills until the unattainable ‘later,’ many others simply fail to create a will because they do not really understand what and how the document works.
05/01/24 • by: Vick Law, P.C.
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Asset Protection Strategies for Medicaid Eligibility

Learn how to protect assets and become eligible for Medicaid with practical strategies, while avoiding questionable methods.
04/22/24 • by: Vick Law, P.C.
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Investment Planning, Building Wealth & Managing Taxes

Strategic asset allocation and estate planning strategies hinge on carefully considering future financial needs. Today's volatile markets spotlight financial questions of how much and when you'll need to fund retirement to senior living and the time in between while preserving wealth for beneficiaries.
04/19/24 • by: Vick Law, P.C.
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Why Estate Planning Is Essential for Small Business Owners

Your business, likely your most valuable asset, deserves careful consideration within your estate plan to ensure a smooth transition of ownership and management in the event of incapacity or death.
04/19/24 • by: Vick Law, P.C.
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