Blog Articles and Resources

Vicknair Law Firm

Is It Important to Have a Power of Attorney?

Is It Important to Have a Power of Attorney?

While we are alive, we can clearly make our own decisions. Unfortunately, one day you may find yourself in a situation where you cannot make your own decisions. Such situations occur most often in accidents, illnesses (physical or mental) and simple aging situations.

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What Do I Need in My Estate Plan?

What Do I Need in My Estate Plan?

An effective estate plan uses a collection of documents and teamwork to protect one’s assets and personal property. An effective estate plan also explains and carries intentions of how to pass control down to successors in the event of your absence.

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How Does Cryptocurrency Work in an Estate Plan?

How Does Cryptocurrency Work in an Estate Plan?

Crypto assets can be lost forever without proper storage and estate planning. When it comes to cryptocurrency, safe and secure transfer is paramount, meaning basic estate planning documents, like a will, often won’t be enough.

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Why Do Families Fail when Transferring Wealth?

Why Do Families Fail when Transferring Wealth?

Over the next 25 years, analysts anticipate $68 trillion to be passed down to younger generations and charities. While the importance of legacy planning is not limited to the forthcoming Great Wealth Transfer, it does spotlight the significant amount of wealth that has been created, primarily by Baby Boomers, and the need to transition these assets thoughtfully.

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What is the Difference between a Trust and a Will?

What is the Difference between a Trust and a Will?

No one relishes the thought of the day they pass away and leave all their worldly possessions behind. However, it’s a certainty that no one can avoid. Thankfully, you have options for planning for what happens to your estate, including a will or a family trust.

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How Does Medicaid Count Assets?

How Does Medicaid Count Assets?

Although the Medicaid system may be a generally recognized public benefit, the intricacies of the program usually do not become relevant to individuals, until they face the need to use it.

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