Author Archives: Jay Butchko
Estate Planning Resolutions for the New Year
The year 2018 brings a chance for fresh beginnings, for setting goals, and for attending to matters you may have put off in the previous year. What better place to begin than with your financial accounts and property. Estate planning helps to preserve the hard earned assets you have accumulated, both for your future… Read More »
Smart Estate Planning and Asset Protection Strategies For Millennials
Young adults often get a bad reputation when it comes to their reputation for managing money. While many struggle to balance the high costs of living with low wages, parents and other older adults often question their choices, wondering why they do not have more in savings or have delayed starting a family or… Read More »
Year-End Tax Tips to Protect Your Assets
As 2017 draws to a close, the time is now to make last minute moves aimed at reducing the amount you owe over the upcoming tax filing season. Particularly with some of the dramatic changes being proposed, it is important to act now to protect your assets and to prevent losing money through exemptions… Read More »
How An NYSARC Trust Can Delay The Need For Nursing Home Care
Many of us are responsible for providing for older family members or friends. For these loved ones, remaining in their home is often a priority. Unfortunately, the costs of maintaining a household while paying for in-home care services can quickly deplete any available resources, making nursing home care a more financially viable option. By… Read More »
Protecting Your Assets as a Landlord
At the beginning of the year, the New York Times declared 2017 as the “Year of the Renter”. While some areas have not quite lived up to this promise, there are still plenty of profits to be had for those looking to invest. If you have considered the profit-making possibilities of becoming a landlord,… Read More »
Look Closely at Your Real Estate Contract Before Buying A Home
Buying a home is a major investment. Searching for the one that is right for your family is often stressful, particularly when given how volatile the housing market can be. While you may face stiff competition from other potential buyers, you want to be sure to carefully consider your options and to look closely… Read More »
Eliminating Fears Concerning End-of-Life Planning
As devastating as the loss of a loved one is, dealing with death is a part of life. Failing to acknowledge or plan for your own eventual passing does not mean it is not going to happen, it simply shifts the burden to your surviving family members. Estate planning regarding end-of-life arrangements can help… Read More »
Protect Your Assets Against The Equifax Breach
Data breaches have become an ongoing problem, with hackers targeting everything from department stores to government agencies. In early September 2017, a breach was reported by the consumer credit reporting agency Equifax, potentially impacting millions of people. To protect your assets against the very real threats of financial theft and fraud, it is important… Read More »
Determining Your Net Worth
Before considering what estate planning and asset protection strategies are best for you, it is important to have a realistic appraisal of your net worth. This includes the various values of the items you possess, any business interests you own, and the money you have in various accounts, minus your debts and liabilities. The… Read More »
Preserving Your Assets While Paying For Nursing Home Care
You have worked hard all your life to create a home and to accumulate enough savings to live on in retirement, while still having something to pass along to your children. Unfortunately, the older you get, the prospect of having to deplete your life savings in order to pay the high costs associated with… Read More »