Author Archives: Jay Butchko
Can I Change Information In My Advance Directives?
Many Canton residents, and Connecticut residents more generally, avoid or delay creating essential estate plan documents because they are not entirely certain about what they want, or because they are under the misconception that they cannot change their mind later on. To be sure, it is a common misconception that once an estate plan… Read More »
Should I Create a Revocable or Irrevocable Trust for My Family?
Creating a trust is often beneficial for individuals who want to ensure that their assets are distributed to their loved ones in a timely manner and without the complications of probate. Yet trusts can also be beneficial for many other reasons, both to the beneficiaries and to the settlor (the word used for the… Read More »
What is a Directed Trust?
There are many different types of trusts that a person or entity can establish in Connecticut, and they have distinct aims and purposes. With the passage of new trust laws in Connecticut back in 2020, through which Connecticut adopted its own version of the Uniform Trust Code, more trust options became available in the… Read More »
What is a Lifetime Gift Tax Exemption?
Have you been taking advantage of the annual gift tax exclusion, or are you planning to do so in the future? For individuals or married couples in Connecticut with larger estates, the gift tax exclusion is often a helpful way to give assets to family members and other beneficiaries without incurring tax, and while… Read More »
Who Will Handle the Administration of Your Estate?
Who is going to handle the administration of your estate, and what is involved in this process? When you are beginning to work on your estate plan in Canton, one of the things you will need to think about is estate administration and who you want to name as an executor. While estate administration… Read More »
Should I Pay for Long-Term Care Insurance?
Should you be thinking about purchasing long-term care insurance for yourself and your spouse? Often, this is a question that middle-aged adults in their 40s and 50s begin to consider as they are assisting elderly parents with issues of long-term care, including Medicaid planning and paying for nursing home care. Most of us are… Read More »
Long-Term Care Planning in Middle Age
Are you at the age where you have a family of your own but you are also providing care and assistance to your elderly parents? If so, you are in the same company as many Connecticut residents in their 40s and 50s — firmly in middle age while in caregiving roles for the young… Read More »
Avoid These Common Errors in Connecticut Estate Planning
Estate planning in Connecticut is a complex process, and estate plans are tailored to the needs of the individual. While there are certain major components that should be in every person’s estate plan, there are individual details and situations that must be addressed on a case-by-case basis. In addition, many Connecticut residents’ estate plans… Read More »
How Estate Planning Can Help with Privacy Concerns
For many residents of Canton and the surrounding areas of Connecticut, privacy is an important concern when it comes to estate planning. You may want to maintain discretion when it comes to the value of certain assets you hold, and how those assets will be distributed. When assets are left through a will, however,… Read More »
Key Questions to Ask Yourself to Prepare for Estate Planning
Does the prospect of estate planning make you anxious or nervous? Many people in Connecticut assume that estate planning is going to be stressful, but in actuality, estate planning is likely to be a much more streamlined process than you might expect when you work with an experienced Connecticut estate planning lawyer. In order… Read More »