Understanding Hybrid Long-Term Care Insurance 2.0
Submitted by The Johnson Firm on
It is likely that you have heard about the astronomical costs of nursing home care should you become seriously ill or injured. You might also know that Medicare would cover only a minimal amount of those costs. Private insurance doesn’t seem like a good bet if you’ve heard horror stories about skyrocketing premium costs and difficulties in obtaining long-term care (LTC) insurance in the first place.
Advance Healthcare Directives: What You Need to Know
Submitted by The Johnson Firm on
During this Covid-19 epidemic, an urgent question demands an answer: do you want extreme life-prolonging measures to be attempted on you or someone you love if they are suffering from a life-threatening illness? For us who are particularly vulnerable – seniors, those with compromised immune systems, those already struggling with medical conditions – this question is particularly stark.
Managing Retirees’ and Near-Retirees’ Benefits to Offset Inflation
Submitted by The Johnson Firm on
American inflation will continue through 2023 and beyond without any significant course corrections. It is likely that the forty-year inflation high Americans have been experiencing will last well into 2023 and beyond unless there is a significant course correction.
Exactly What Situations Are Covered by a Living Will?
Submitted by The Johnson Firm on
The purpose of a living will
Overseeing a Loved One’s Finances
Submitted by The Johnson Firm on
While banking and paying bills can become more challenging with age, incapacitating injuries or sudden illnesses can strike anyone at any time. Incapacity is not just about mental cognition, accident, or illness. You may have a loved one who cannot drive themselves to the bank or has a distinct visual or hearing impairment.
The Importance of Estate Planning Has Never Been Greater
Submitted by The Johnson Firm on
There is no way to predict what the future holds for any of us. Health and wealth preservation require planning. Whatever happens, estate planning attorneys can help you legally reduce your estate and income taxes to protect your assets and family legacy.
Understanding Taxes on Special Needs Trusts
Submitted by The Johnson Firm on
A special needs trust is often created and funded by families who care for a loved one with special needs. It can provide peace of mind to improve a family member’s future quality of life without jeopardizing their eligibility for government benefits.
There Is a Significant Health Risk Associated With Dementia
Submitted by The Johnson Firm on
The prevalence of dementia continues to rise worldwide, with someone being diagnosed with the disease every three seconds. Dementia is a catchall phrase that refers to many types of neurodegenerative diseases.
Your Child’s Inheritance: How to Protect It
Submitted by The Johnson Firm on
Keeping assets from disappearing or being claimed by creditors should be a part of your estate planning for the future inheritance of your children and grandchildren. A simple way to achieve inheritance protection is through a trust. A trust can pass your wealth bypassing probate.
A Guide to Managing Wealth and Irrevocable Life Insurance Trusts
Submitted by The Johnson Firm on
In light of the potential lowering of the federal estate tax exemption allowance, it might be time to rethink how you plan on passing generational wealth to your descendants.
