Author Archives: Jay Butchko
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 »
Report Cites Family Conflicts Among Top Concerns in Estate Planning
Changes in the tax code provide some relief against the threat of hefty estate taxes, but there is another issue that can end up making estate planning more complex. With longer lifespans expected and the increased odds that someone close to you may have gone through a divorce, choosing family members as beneficiaries of… Read More »
‘Free Lunch’ Trust Seminars Can End Up Costing You Your Retirement Savings
Have you ever received a mailer or seen one of those advertisements for a free seminar on estate planning that offers a complimentary lunch or dinner in a local restaurant as a way of getting acquainted? These offers often target seniors and those who are retired. While it may seem like you have nothing… Read More »
Understanding Advance Directives
Few of us want to contemplate the thought that a serious illness or injury could jeopardize our own lives or the lives of those we love. Unfortunately, not thinking about this scenario does not reduce the odds of it happening nor does it make important decisions that must be made in these situations any… Read More »
Amid Slumps in Sales, Here Are Seven Qualities Homebuyers Are Looking For
New York City is one of the busiest markets in the world in terms of real estate purchases and sales. Having recovered nicely after the housing crisis, both buyers and sellers have been optimistic in getting the most out of their investment. While there still continues to be a healthy amount of activity, slumps… Read More »
Why You Need an Experienced Attorney to Help with Writing Your Will
Having a valid will and other estate planning documents in place is important to protecting your loved ones and ensuring they are provided for. While no one enjoys contemplating their own mortality, it is important to recognize that not having one could cost your closest family members and friends both time and money in… Read More »
Protecting Yourself and Your Assets In the Event of Personal Injuries
When accidents resulting in personal injuries occur, they can have a major impact on every area of your life. In addition to mounting medical expenses that can completely wipe out your savings and put you on the brink of bankruptcy, you may also be facing lost wages and permanent impairments that keep you from… Read More »