Joel Johnson, CFP® answers estate planning FAQs on WFSB Channel 3’s Better Money this weekend.
Proper estate planning can help to avoid nursing home costs and inheritance tax, but it’s important to not do it yourself. This needs to be done by an attorney who is an expert in Medicaid planning. With proper estate planning, it is possible to reduce or even eliminate inheritance tax for their kids.
A revocable living trust is very efficient when someone passes away, as it speeds up the probate process and the assets can go straight to the children or beneficiaries. With a revocable living trust, the testator can put assets in but is able to change their mind, taking assets out. With an irrevocable trust, it can not be changed once it is put in place.
“We always felt our financial needs were in very capable hands. Alex Angst is great to work with. Our advisor always made us feel he had our best interests at heart and explained things so we could understand them.”
“We’ve been clients of Johnson-Brunetti for > 10 years. We’re enjoying a comfortable retirement as a result. Many thanks to Joel and our CFP, Eric Hogarth. I wish we had plugged into this decade approach back when we were in our 30s.”
“Working with Johnson Brunetti has had a positive impact on my life by providing me with the knowledge, confidence, and peace of mind to move forward with my retirement plans. The process of getting to this point, through their guidance, has been informative and pleasurable.”
“I view your company as one that puts my interests first. I think that is very uncommon and very refreshing. “
“Matt does an awesome job! So easy to understand and he listens to our concerns and addresses them! happy I chose your firm!”
“I have been pleased with the help and service I have received from the company. I have met several team members on Eric’s team and have found all of them very well prepared to meet with me when reviewing my portfolio. I always feel that I am an important customer and appreciate that very much. I hope the firm continues to focus on the customer and maintains its great service. I think you do a great job for someone like me!!!! I’m happy I chose your firm!”
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