The Johnson, Langworthy & Muchnik Blog
DEATH AND FINANCES

DEATH AND FINANCES

Whether it was expected or accidental, the death of a loved one is stressful enough without the added complications in settling the deceased person’s financial affairs. Upon death, any assets that are not beneficiary designated or have a joint owner, are considered...

ESTATE PLANNING FOR PARENTS OF CHILDREN WITH SPECIAL NEEDS

ESTATE PLANNING FOR PARENTS OF CHILDREN WITH SPECIAL NEEDS

If you are a parent of a young or adult child with disabilities, you do not have to disinherit your child to protect her Medicaid or other government benefits related to her disability. You can create what's called a "Special Needs Trust" which would receive that...

MEDICAID PLANNING BEFORE A HEALTH CRISIS HITS

MEDICAID PLANNING BEFORE A HEALTH CRISIS HITS

Medicaid is the largest funding source for long-term care and pays for over half of the care in the USA. It is, however, a “means tested” program – the applicants must have limited assets and income in order to qualify. Long-term care services may include medical,...

ESTATE PLANNING FOR NEW PARENTS

ESTATE PLANNING FOR NEW PARENTS

Creating a Will is an essential step on the road to becoming parents. When you have your first child, it is critical to have a Will in place so that your child is properly provided for. A Will, sometimes called a Last Will & Testament, is much more than a way of...