The Challenges of Caring for Aging Parents

Via the Will, Trusts & Estates Prof blog, comes this Financial Advisor Magazine article about various challenges faced by younger generations in caring for aging parents and older generations. As the American population ages and demographics shift, older and younger generations would do well to consider how best to care for parents and older generations, and how best to plan one’s own long term care, including retirement, Medicare, and Medicaid planning, and long term care insurance, as assisted living or nursing home bills can often devour an individual’s hard earned life savings within a few months or years. Call or email me if I can help you explore these issues and figure how to best care for aging parents or plan your own long term care.

(c) 2011, Stephen M. Johnson, Esq.

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End of Life Planning – Thinking about the Unthinkable

A thought provoking LA Times column by Steve Lopez, the columnist featured in the 2009 feature film The Soloist. ¬†While end of life planning and “thinking about the unthinkable” isn’t always enjoyable, it does makes life easier for your family and friends, because no one wants to create an impossible end of life conundrum a la Nancy Cruzan or Terry Schiavo. If I can help you or your loved ones with a living will or medical durable power of attorney, or simply review your existing estate plan to ensure it meets your needs, call or email me to schedule a convenient appointment.

(c) 2011, Stephen M. Johnson, Esq.

Crash proof your portfolio and estate

Interesting Wall Street Journal article that counter intuitively argues that the top 1% of income earners are often the most crash prone in their portfolios. Whatever your income level, portfolio composition, or family situation, take some time this holiday season to contemplate your estate plan and being sure you are comfortable with the level of risk you have assumed in your portfolio and assets. A good estate plan will be flexible enough to handle changes in your income, your assets and portfolio, and family situation.

(c) 2011, Stephen M. Johnson, Esq.