Author Archives: Jay Butchko
Estate Planning Before a Major Trip
Are you currently making plans for a major vacation, or time away either domestically or internationally? If so, it is also an important time to be sure that you have an estate plan in place and that it is up to date. Nobody likes to think of the possibility of something going wrong on… Read More »
Costly Mistakes Can Impact Medicaid Eligibility for Long-Term Care
The costs of long-term care in Connecticut are extremely high, and making plans ahead of time to ensure that you or your elderly parent can pay for long-term care without depleting a lifetime of savings is an important part of any estate planning process. To give you a general sense of just how much… Read More »
Can I Still Control Assets in a Trust?
Have you been thinking about creating a trust as part of your estate plan in Canton? If so, you may know that one of the major benefits of a trust is that assets can be distributed from a trust without having to go through the probate process in Connecticut. As such, your beneficiaries can… Read More »
What is Connecticut’s Medicaid Asset Spend-Down Option?
If you are among the high percentage of older adults who ultimately need long-term care — about 70 percent of people aged 65 and up will need some form of long-term care, according to the Administration for Community Living (ACL) — you will need a way to pay for it. The ACL and Administration… Read More »
What is a Pooled Income Trust?
Medicaid planning is something that nearly everyone in Connecticut who is working on an estate plan should consider. For Connecticut residents in their 40s and 50s, planning ahead can be crucial. And if you have an elderly loved one who currently needs long-term care, you can begin working with an elder law attorney in… Read More »
Removing an Ex-Spouse from Your Estate Plan
Are you in the process of getting divorced, planning on a divorce, or recently divorced? If so, it is time to review your estate plan with a dedicated Connecticut estate planning lawyer. While Connecticut law has some components to prevent an ex-spouse from inheriting your assets after a divorce, there are several steps you… Read More »
Medicaid Eligibility Options for Older Adults in Connecticut
Nobody wants to think about needing long-term care in a nursing home in Canton, yet a high percentage of Connecticut residents will need some type of long-term care in their later years. Since nursing home and other long-term care costs are so high, most Connecticut residents will work with an elder law and estate… Read More »
Is the Information in My Estate Plan Confidential?
There are many different reasons that Canton residents may want to keep the information in their estate plan confidential. When it comes to particular health care decisions, you may not want certain people in your life to start arguments with you or to attempt to urge you to change your mind about a particular… Read More »
Gifting Strategies You Should Consider
You may be making plans to leave certain high-value assets to your children or grandchildren in your will, or making similar bequests to other loved ones. Yet in some cases, it might make much more sense to make some of those gifts while you are still alive — both for purposes of taxes that… Read More »
What is a Marital Deduction Trust?
Estate planning in Connecticut usually involves various types of estate planning tools, including trusts. There are a wide range of trusts that can be created under Connecticut law, and they serve distinct purposes. A person who is making an estate plan might want to create a special needs trust to ensure that a disabled… Read More »