Author Archives: Jay Butchko
Five Things You Can Do Now to Plan for Retirement
When you are young, healthy, and busy raising a family, thinking about retirement or an estate plan is likely to be the last thing on your mind. Even if you contribute to an employer sponsored 401k or have a job that offers pension benefits, there is the possibility that the amount will not be… Read More »
Frequently Asked Questions Concerning Wills In New York
At Cavallo & Cavallo, we help our clients protect assets and provide for family members in the event of the unexpected. A will is one of the most basic yet important types of estate planning documents you need to have, as it outlines your wishes in terms of who will inherit and how property… Read More »
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 »