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Obtaining A Power Of Attorney For Elderly Parents

Posted by Jason Johnson | Mar 14, 2023 | 0 Comments

Making important decisions for aging parents can be a challenging task, but power of attorney (POA) can provide peace of mind and clarity in times of need. POA enables individuals to make crucial decisions on behalf of their parents, such as managing their finances or making medical decisions, when they are unable to do so themselves due to age or illness. While it may be difficult to approach this topic with your parents, having these discussions early on can help ensure that you follow their wishes if their health changes over time. Starting the conversation with empathy and understanding can make all the difference.

Will Your Estate Plan Work When Your Family Needs It?

Posted by Jason Johnson | Feb 14, 2023 | 0 Comments

While most lawyers will create a Trust for you, only some will ensure your assets are properly funded. We’ll not only make sure your assets are properly titled when you initially create your Trust, we’ll also ensure that any new assets you acquire throughout your life are inventoried and properly funded to your Trust. This will keep your assets from being lost and prevent your family from being inadvertently forced into court because your plan was never fully completed.

4 Common Mistakes Made On Life Insurance Beneficiary Designations

Posted by Jason Johnson | Feb 01, 2023 | 0 Comments

Investing in life insurance is a foundational part of estate planning, and when done right it’s a primary way to say “I love you” to your loved ones after you are gone. However, when naming your policy’s beneficiaries, several mistakes can lead to potentially dire consequences for the people you’re investing to protect and support. The following four mistakes are among the most common we see clients make when selecting life insurance beneficiaries. If you’ve made any of these errors, contact us immediately, so we can support you to change your beneficiary designations on your policy and ensure the proceeds provide the maximum benefit for those you love most.

Revocable Living Trust Or Irrevocable Trust: Which One Is Right For You?

Posted by Jason Johnson | Jan 24, 2023 | 0 Comments

You’ve probably heard you need a trust to keep your family out of court and maybe out of conflict in the event of your death or incapacity. And, if you haven’t, you are hearing it now. If you own any “probatable” assets in your name at the time of your incapacity or death, your family must go to court to access them. If you aren’t sure if your assets are “probatable” contact us to discuss. But you may need clarification about whether you need a revocable living or irrevocable trust. More and more, we are seeing people come our way asking for an irrevocable trust, and so this article is designed to help you learn the difference and then get into an “eyes wide open” conversation about the right kind of trust for you and your loved ones. 

Why Every Adult Needs A Living Will

Posted by Jason Johnson | Jan 17, 2023 | 0 Comments

In this article, we will review some of the most critical things you need to know about living wills and why having a living will is essential to every adult’s estate plan. And it may be that a living will is even more important than a last will and testament.

What Happens To Your Debt When You Die?

Posted by Jason Johnson | Jan 11, 2023 | 0 Comments

Maybe you’ve wondered about your own debt or perhaps your parent’s debt—what happens to that debt when you (or they) die? Well, it depends, and that’s part of the reason you want to ensure your estate plan is well-prepared. How you handle your debt can greatly impact the people you love.

PREVENTING FAMILY CONFLICT AND DISPUTES OVER YOUR ESTATE PLAN

Posted by Jason Johnson | Dec 20, 2022 | 0 Comments

No matter how well you think you know your loved ones, it’s impossible to predict exactly how they’ll behave when you die or if you become incapacitated. No one wants to believe that their family members would ever end up fighting one another in court over inheritance issues or a loved one’s life-saving medical treatment, but the fact is, we see it all the time.

4 Year-End Tax-Saving Strategies For 2022

Posted by Jason Johnson | Dec 07, 2022 | 0 Comments

While there are dozens of potential tax breaks you may qualify for, here are 4 of the leading moves you can make to save big on your 2022 tax return. However, there may be other opportunities for saving, so meet with us, your Personal Family Lawyer® to make certain you haven’t missed a single one.

7 Issues To Consider When Purchasing Disability Insurance

Posted by Jason Johnson | Nov 22, 2022 | 0 Comments

If you earn a good living now, but you worry about not having enough money for a future time when you cannot work due to illness or injury, disability insurance is your answer. However, you need to make sure you are getting an insurance policy that will meet your needs and not waste your money. This article covers 7 issues to consider when purchasing disability insurance.

TRUSTS & TAXES: WHAT YOU NEED TO KNOW

Posted by Jason Johnson | Oct 26, 2022 | 0 Comments

People often come to us curious — or confused — about the role trusts play in saving on taxes. Given how frequently this issue comes up, here we're going to explain the tax implications associated with different types of trusts in order to clarify this issue. Of course, if you need further clarif...

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At Johnson Law LLC, we focus on Estate Planning, Elder Law, Business Succession Planning, and Probate and we are here to listen to you and help you navigate the legal system.

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Johnson Law LLC is committed to answering your questions about Estate Planning, Elder Law, Business Succession Planning, and Probate law issues in Annapolis, MD.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

Johnson Law
147 Old Solomons Island Road, Suite 301
Annapolis, MD 21401
410-570-1671