Author Archives: Jay Butchko
What Can’t You Put In Your New York Will?
A Last Will & Testament is one of the foundational documents of estate planning. Every person in our practice areas (Westchester County and Putnam County) should have a will in place before their passing. This will help ensure that your assets and debts are handled in the manner you deem best. However, this does… Read More »
Estate Planning Can Benefit Younger Adults
Most people under the age of 60 do not think about planning their estate very often, if at all. They tend to see it as something to address in the future – but there are several reasons why estate planning is a good thing for younger adults to invest in at a relatively early… Read More »
Important Issues In New York Medicaid Planning
When one is planning their estate in Westchester County or Putnam County, one of the first things to address is what role, if any, that Medicaid will play in your long-term care plans. Medicaid is a federal program administered by each of the individual states, and if you worry about your health needs being… Read More »
Discussing Estate Planning With An Elderly Loved One Can Be Difficult
It is not uncommon for a Putnam County parent to resist discussing estate planning with their children, either because they are unwilling to accept help on that issue, or because they are afraid of confronting it at all. However, it is crucial for older people, particularly those with children and other loved ones, to… Read More »
Explaining The Medicaid “Look-Back” Period In New York
Medicaid is the cornerstone of long-term care for many in Putnam County, particularly those who need inpatient treatment. While the recent ruthless cuts to the Medicaid program may affect the number of people who can access the program, those who meet its means test and other requirements can rest assured that their care will… Read More »
Which Type Of New York Trust Is Best For My Estate?
There are many different potential estate planning documents that a person can use to put their affairs in order. One of the most commonly used is the trust, which is a legal entity designed to hold assets ‘in trust’ for a future beneficiary or beneficiaries. However, what the average person may not know is… Read More »
Incorporating Digital Assets Into Your New York Estate Plan
While no one likes to contemplate the fact, it is the truth that our digital footprints will likely be around long after we have gone. Digital assets have become a bigger and bigger part of many estates, and it is important to plan appropriately for how digital assets may be handled after a person’s… Read More »
Westchester County Asset Protection & Real Estate
In these uncertain times, more people than ever are becoming aware of the need for asset protection. Westchester County residents work hard to ensure their future, and it is understandable that they would want to ensure assets are not taken away via lawsuits or creditors. This can be doubly important when discussing pieces of… Read More »
Giving Gifts Can Affect New York Medicaid Eligibility
For many older people in Westchester County, it can be a source of joy to gift their loved ones assets or cash, particularly if it can improve the lives of the recipients. However, if the older person is in a position where they may need to apply for Medicaid to pay for nursing home… Read More »
Should I Include Long-Term Care Insurance In My New York Estate Plan?
Estate planning is a process that can take years to get 100 percent correct. People’s lives grow and change, with new opportunities and relationships supplanting or replacing the old. However, one thing that will remain constant for the majority of people is the necessity for proper medical care as they age. In order to… Read More »