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Do You Need a Revocable or an Irrevocable Trust?

There are two main kinds of trusts: revocable and irrevocable. Many seniors planning for the future may want to place their home in a trust for their children. This is especially true if the house is paid off, and free and clear of a mortgage. However, what would happen if the home were placed in a trust and the senior then decides to sell it?

03/23/22 • by: Vick Law, P.C.

15 Signs to Review Your Estate Plan

Estate Planning

Your estate planning is done, but is it? A periodic review is an important ongoing step to your planning. Continue reading to learn 15 hints you should review your estate plan.

03/07/22 • by: Vick Law, P.C.

How Do You Pass Down a Vacation Home?

Estate Planning

If you do not plan appropriately and thoughtfully, problems may arise with respect to this property and your family when you are gone.

03/03/22 • by: Vick Law, P.C.

Why Do So Few Black Americans Have Wills?

Estate Planning

When actor Chadwick Boseman died, he didn’t have a will. Neither did recording artists Prince and Aretha Franklin. Each time the news broke, there was surprise that such notable names hadn’t made estate plans. Yet, estate planning isn’t as common as experts argue it should be, particularly among Black Americans.

03/02/22 • by: Vick Law, P.C.

Do You Have to Go through Probate When Someone Dies?

Probate

The law requires probate for a good reason. If a person dies, probate ensures that the property goes to the people who are supposed to inherit it.

02/24/22 • 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.

Do I Need to Update My Will?

Estate Planning

Do you need to update you will? Whether you drew up a will recently or years ago, keep in mind it’s generally not something you can set and forget.

02/01/22 • by: Vick Law, P.C.

What is the Best Inheritance to Leave Heirs?

Estate Planning

If you really want to help your heirs out, these are some of the best assets to leave them.

01/25/22 • by: Vick Law, P.C.

Here’s Why You Need an Estate Plan

Estate Planning

No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.

07/31/21 • by: Vick Law, P.C.

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Estate Planning Blog

Do You Need a Revocable or an Irrevocable Trust?

15 Signs to Review Your Estate Plan

How Do You Pass Down a Vacation Home?

Why Do So Few Black Americans Have Wills?

Do You Have to Go through Probate When Someone Dies?

Don't Make These Common Living Trust Mistakes

Do I Need to Update My Will?

What is the Best Inheritance to Leave Heirs?

Here’s Why You Need an Estate Plan

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