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Vicknair Law Firm

What Do I Need to Do Right after Spouse Dies?

What Do I Need to Do Right after Spouse Dies?

Losing a loved one is never easy, even if you were anticipating the loss. During the hours and days following the death of a spouse or a close family member, you may be in shock and you will likely be disoriented, emotional and feeling like you’re in a constant fog.

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IRAs and 401(k) when Spouse Dies

IRAs and 401(k) when Spouse Dies

The rise in the stock market over the past several years, teamed with the passage of the SECURE Act two years ago and the scheduled 50% reduction in the size of the federal estate tax exemption four years from now, has resulted in a renewed interest in estate planning for IRA and 401k accounts owned by married couples.

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Will Social Security Get a Raise in 2022?

Will Social Security Get a Raise in 2022?

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.

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Any Ideas How to Pay for Long-Term Care?

Any Ideas How to Pay for Long-Term Care?

The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.

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When Should a Trust Be Reviewed?

When Should a Trust Be Reviewed?

Many people are under the impression that since they have a trust, they don’t need to do anything else. That’s not true. The trust you created years ago may not be appropriate for you now.

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