Johnson Law Firm
Long-term care insurance covers expensive nursing care needs. However, is it a good investment? Here’s what experts say about what you should take into account.
Do you have a second home, summer property, or another vacation residence that your family enjoys? Have you thought about what happens to this property when you die?
One of the most important estate planning documents for all persons over the age of 18 to consider is a durable power of attorney.
Here are some important parts of your estate plan that should be reviewed.
For those of us involved as care providers for someone having difficulty handling his/her own affairs, whether it’s a family member or not, requires that we have the legal authority to do what’s in that person’s best interest.
Who’s going to inherit on the death of one of the re-marrieds? Will this be the surviving spouse? If so, where will those inherited monies go on the second-to-die’s death?
Everyone likes money, right? Giving money to family or friends can also be a smart tax planning move.
If you have a parent over the age of, say, 65, thoughts about their future may have started to creep into your mind. But because end-of-life planning can be emotional and overwhelming, it’s tempting to put these conversations off — and even more pleasing to avoid them altogether. If there’s a lesson to be learned from the pandemic, however, it’s that waiting until the last minute to prepare is seldom a good idea.
In order to give your brother half of the assets in the IRA, you will have to liquidate a portion of the account and pay the taxes on the liquidated amount if it’s a traditional IRA.
There are two main kinds of trusts: revocable and irrevocable.
