Author Archives: Jay Butchko
5 Keys For Selecting A Trustee
When you establish a trust, you must also select a trustee to manage the trust’s assets after you pass away, and make sure that the trust is administered in accordance with your wishes. This could be anyone from a close relative to a corporate trustee. Because of the risks inherent in administering a trust… Read More »
What Are “NYSARC” Trusts And How Can They Help Me?
Many people count on SSI, Medicaid and other government benefit programs to meet their financial needs as they get older or suffer income instability and health issues. Another benefit option for New Yorkers is establishing a trust through NYSARC Trust Services. This can help keep a person with disabilities eligible for government benefit programs… Read More »
Planning For Nursing Home Care: Medicaid Eligibility And Financial Planning Options
Nursing home and institutional care is costly, to say the least. A prolonged stay can wipe out a person’s life savings, destroying all that they have worked for and frustrating their plans to leave a legacy to their children or grandchildren. And what about the patient who has run out of money but still… Read More »
Buying A Home As An Unmarried Couple
Buying a home continues to be a worthwhile investment. It offers a sense of security in having a place to actually call your own while building equity, rather than simply paying rent. However, for an unmarried couple, there are legal issues you need to be aware of. Questions To Ask Yourself If You Are… Read More »
Asset Protection Goals For The New Year
When most people think of asset protection, they think of financial strategies designed to better manage wealth. While that is an important consideration, assets are more than just money in the bank.Take a quick inventory of the things that matter most to you. Regardless of your occupation, the amount of property you own, or… Read More »
Make Aging In Place Your Goal For This Year
A new year means new resolutions geared to achieving goals and improving your overall lifestyle. If you are an older adult, make one of your aging in place. Our Bronx & Westchester estate planning attorneys explain the advantages and how to make it a reality. The Advantages of Aging In Place Aging in place… Read More »
Five Reasons To Make Creating A Trust A Top Priority In 2022
Making sure you and your family are provided for now and in the year ahead is a top priority. This includes putting the proper legal documents in place. Creating a trust can play a key role in estate planning, offering important protections. Our New York estate planning attorneys explain five reasons why creating a… Read More »
Thinking Of Buying A Home In 2022? Some Important Factors To Consider
A new year often prompts the urge to make new resolutions, including some positive changes you may have previously put off. Particularly in light of the COVID-19, 2021 had most of us focused on returning to ‘normal’ and readjusting from all that happened during the pandemic. While the virus is still a concern for… Read More »
5 Ways To Protect Your Assets From Creditors
Even if you’ve worked, saved, and invested your money wisely over the years, you may worry about what can happen to your assets in the event of an untimely downturn in your financial situation. Creditor claims for unpaid loans, consumer debts, divorce, business losses, and bankruptcy proceedings could put the future you’ve planned in… Read More »
Estate Planning For Special Needs Children
Having an estate plan helps to ensure both you and those you love are prepared in the event the unexpected happens. This is important for parents, particularly those with special needs children. Whether they are minors or legal adults, protecting their best interests and providing for them in the years to come is a… Read More »