Author Archives: Jay Butchko
Supplemental Needs Trusts In New York Law
According to the Centers for Disease Control, almost 20 percent of the U.S. population is disabled. The percentage generally increases with age, with roughly 36 percent of those over the age of 65 being registered as having at least one disability. If that disability is cognitive, caring for a family member in Westchester County… Read More »
Crisis Planning For Your Elderly Loved One
Estate planning has become more and more popular in recent years in Westchester County, as people are living longer and longer. However, sometimes life simply happens, and the need for sudden nursing home or hospice care can leave a family reeling if no plan has been put in place. If this has happened to… Read More »
Ensuring Your New York Will Is Valid
While it can be an unpleasant task, those over the age of 65 are highly encouraged to execute a valid Last Will & Testament at some point, to ensure that they have the final say as to who receives their possessions after their passing. That said, it can be difficult to know how to… Read More »
Will Medicaid Cover Assisted Living Care?
Providing an elderly person meets certain financial qualifications, Medicaid will help them cover long-term medical care. Most of the time, families use this for nursing home care – but it is also possible, in certain situations, for Medicaid to cover assisted living care as well. Assisted living facilities (ALFs) provide a high level of… Read More »
Estate Planning Options: A Will Or A Living Trust?
When a person is planning their estate in Putnam or Westchester County, they have the option of doing so in the way that fits their family situation best. Most people will execute a Last Will and Testament, which will often be perfectly sufficient for their needs. However, some estates may be better served by… Read More »
Explaining The Medicaid “Lookback” Period
The majority of nursing home residents in the U.S. receive some kind of Medicaid assistance to help cover the cost of care. However, in order to receive that assistance, Medicaid recipients must pass a means test – in other words, they must not have income or assets over a certain level. This threshold can… Read More »
Mahopac Advance Directives For Health Care: What To Consider
When you are considering estate planning in Mahopac or elsewhere in Putnam County, there are a number of issues and elements that you will want to think about. As you may already know, nearly everyone should think about drafting a will, and other estate planning tools like trusts can also be beneficial to many… Read More »
What Steps Should I Take Now For Medicaid Planning?
Nobody wants to think about needing to rely on Medicaid to cover long-term care in old age. However, it is critical for Mahopac residents to know that, statistically, it is more than possible that long-term care will be necessary at some point, even if it is for a limited amount of time. Indeed, according… Read More »
How To Discuss Asset Protection With An Aging Parent
Many older adults in Pleasantville and throughout Westchester County are resistant to the idea of addressing asset protection strategies and considering ways of protecting their assets in the event they require long-term care. For a number of older adults, these discussions can be unwanted because they highlight the fact that their lives are changing… Read More »
Reviewing Your Estate Plan Over The Holidays
For those who have a will and advance directives, as well as other estate planning documents, it is a good idea to review these documents and their provisions annually. Because families often get together over the holidays and, as a result, various family issues — including both health and financial matters — can arise… Read More »