The Johnson Firm's blog

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.

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.

The purpose of a living will

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.

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.

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.

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.

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.

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.

It is common for aging Americans to entrust family members or friends with the management of their finances, health, and other affairs during retirement and beyond. They often believe that their family members will be able to take care of any issues that arise.