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Author Archives: Jay Butchko

CoupleEstate

Having The Difficult Conversations About Asset Protection

By Meyer & Spencer, PC |

No matter what type of relationship a person has with their parents, facing their aging and eventual passing can be difficult for all the parties involved. However, having those conversations about asset protection and estate planning are crucial – after all, it is a good idea to try and protect the assets they worked… Read More »

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CoupleSon

Explaining New York Estate Taxes

By Meyer & Spencer, PC |

For many people, one of the most disagreeable elements of handling an elderly loved one’s affairs is the thought of dealing with estate  taxes, particularly in dealing with inheritance. While New York does not have an inheritance tax, it does have estate taxes, levied upon a person’s estate once they have passed away. It… Read More »

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Will10

How Easy Is It To Change Your New York Will?

By Meyer & Spencer, PC |

As one moves into the part of life where estate planning becomes more important, making a will becomes one of the most crucial things many can do. A will is one of the foundational documents of estate planning.  Despite this fact, many older people do not want to make one for fear that they… Read More »

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Medicaid

“Spending Down” To Qualify For Medicaid Legally

By Meyer & Spencer, PC |

When an elderly person is at a point in their life where they may require nursing home care, they may simply have too many assets in their possession to qualify for Medicaid. However, they cannot simply give assets away all at once in order to meet the Medicaid means test – doing so is… Read More »

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Trustee

Is A Trust Right For Your Elderly Loved One?

By Meyer & Spencer, PC |

No one wants to think about estate planning, but it becomes increasingly necessary as people age. In the United States in particular, it is crucial to approach estate planning with the realization that you may need long-term care, as Medicaid will only cover such care for those with small amounts of assets. A living… Read More »

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ElderLaw4

When Is A Guardianship Appropriate For Your Elderly Loved One?

By Meyer & Spencer, PC |

No one likes to be told that they need help managing their own affairs, but it is simply a fact of life that many of us will require it. If you have an elderly loved one that you believe may require some help, New York law allows family members to step in and request… Read More »

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GrayDiv

Changing Your New York Will After “Gray” Divorce

By Meyer & Spencer, PC |

In days past, it was much more common for people to remain married until the end of their lives, whether out of love, loyalty, or an inability to escape. Nowadays, so-called ‘gray divorce’ is more common in the United States, with the rate for those over age 50 remaining high in recent years while… Read More »

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Probate5

Explaining New York’s Probate Process

By Meyer & Spencer, PC |

When a loved one starts to reach their golden years, it is a good idea for them to start thinking about their estate plan. It can be difficult to get our more stubborn family members to discuss such a topic, but it is crucial, particularly if they have significant assets that run the risk… Read More »

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EstPlan8

Advance Directives vs Power Of Attorney

By Meyer & Spencer, PC |

No one wants to think about their own mortality, but as we age, it becomes more and more important. If a sudden medical event happens to us, most of us are not in a position to then start planning for long-term medical care or financial adjustments. One of the cornerstones of a strong estate… Read More »

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EstPlan22

Supplemental Needs Trusts In New York Law

By Meyer & Spencer, PC |

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 »

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