Author Archives: Jay Butchko
Protecting Your Assets with Insurance
Most states, including New York, require you to carry a certain amount of car insurance and you are likely to receive health insurance coverage through your employer. You are also obligated to carry homeowners insurance when taking out a mortgage, but is the amount you have enough? Reviewing your homeowner’s policy and considering other… Read More »
Include Family Caregiver Arrangements as Part of Your Estate Planning
Families often avoid or put off discussions concerning estate planning and the potential future need for long term care arrangements for older parents and other loved ones. While these types of conversations may seem awkward, not addressing the issue can cause chaos and cost everyone involved significant amounts of money in the event the… Read More »
Rent Increases? Deciding Whether the Time Is Right to Buy a Home
Renting is a viable option for those just starting out and for people whose jobs require them to travel. For long time residents of neighborhoods in the city, renting an apartment may be deemed more practical than paying the big ticket prices often associated with the area market, particularly if they are in a… Read More »
Handling Difficult Details in the Aftermath of a Loved One’s Death
Dealing with the death of a loved one is never easy. Few people have experience in handling these types of traumatic events, and dealing with important matters in the aftermath can prove both confusing and challenging. At Cavallo & Cavallo, our New York estate planning attorneys provide the compassionate care and professional legal guidance… Read More »
Three Mistakes to Correct In Your Will
Drawing up a last will and testament plays a fundamental role in even the most uncomplicated of estate plans. It can help avoid time consuming and costly probate hearings while ensuring your loved ones are taken care of and that any property or assets are distributed according to your wishes. However, for a will… Read More »
Including Social Media and Digital Assets In Your Estate Planning
Many people today own websites and conduct an extensive amount of business online, which can be profitable enterprises representing significant sources of income. Whether you sell items or services online, make investments, or receive compensation through crowdfunding and passive income streams, it is important to include these in your will and other estate planning… Read More »
What You Need to Know About Including Your IRA In Your Estate Plan
Putting money into an Individual Retirement Account (IRA) can be a great way to reduce your taxable earnings while ensuring you have funds set aside for retirement. As an added incentive, smart investments made through your IRA can provide you with profits for years into the future. If you have spent decades working and… Read More »
Pros and Cons of Passing Out Inheritance Money Early
You have worked hard all your life accumulating funds for your retirement, and now have a tidy nest egg to pass along to your children. In some cases, rather than waiting until you pass away to distribute money to beneficiaries through your will, some people opt instead to make financial gifts to children, grandchildren,… Read More »
Quality Hospital Care Could Reduce Your Likelihood of Needing a Nursing Home
Having to be admitted to a nursing home is something most of us hope to avoid. However, dealing with serious, ongoing medical issues and dangerous health conditions may require this level of care. In addition to the discomfort you feel at the prospect of being away from your residence, the fact is that paying… Read More »
Get Your Home Ready for an Active Hurricane Season
For homeowners in New York, the memory of Hurricane Sandy in 2012 still brings up unpleasant memories and many continue to live with the damages that occurred. At Cavallo & Cavallo, our real estate attorneys want you to be prepared for whatever the current season holds, and have assembled this list of tips to… Read More »