Author Archives: Jay Butchko
Is Your Estate Plan Missing Important Elements?
Do you currently have a will? Whether you are thinking about making a will with assistance from an estate planning lawyer in Connecticut, or you already have a will, you might assume that a will is all you need in order to have a thorough and complete estate plan. This is a common misconception,… Read More »
Connecticut’s Estate Tax
If you have a sizable estate in terms of its market value, one of the issues that will be important to discuss with your Connecticut estate planning lawyer is estate tax. Estate tax is a tax that is paid by the deceased’s estate based on the total amount of the estate at the time… Read More »
Who Are the Parties in a Trust?
Creating a trust is a common part of estate planning for many residents in the Canton, Connecticut area. If you are considering a trust, it is important to have a clear understanding of who the parties are in a trust and what rights and responsibilities they have with regard to the trust. There are… Read More »
What Does “Transfer On Death” Mean in Connecticut?
Part of estate planning in Canton and for anyone in Connecticut involves identifying assets and the parties to whom you want those assets to be distributed upon your death. In other words, you will be thinking about your family and other loved ones, and thinking about what property you want them to inherit from… Read More »
Even 18-Year-Olds Needs an Estate Plan
If your teenager will soon turn 18, it is an important time to discuss estate planning with your child and with your Canton estate planning lawyer. Many people wrongly assume that estate planning is only for elderly adults or those with chronic illnesses, and it is appropriate to put off estate planning until you… Read More »
Who Needs a Durable Power of Attorney?
Creating a power of attorney document is often an important component of estate planning in Canton and throughout Connecticut. There are different types of powers of attorney that a person can create, but most often a person will create what is known as a durable power of attorney. If you have never created a… Read More »
Reviewing Your Estate Plan When Your Spouse Dies
Experiencing the death of a spouse is devastating at any age, and regardless of whether it was something you were able to plan for in some respects or something that occurred suddenly and without any kind of warning. Nobody wants to think about the possibility of a spouse being diagnosed with a terminal illness,… Read More »
Protecting Your Home from Medicaid
If you or your spouse will need long-term care — either in the near or distant future — it is important to think about asset protection strategies and Medicaid planning with an experienced elder law and estate planning lawyer in Connecticut. One of the assets that you will need to consider carefully is real… Read More »
What is Special Needs Planning?
If you have a disabled child, or a disabled loved one for whom you provide financial support or care, part of your estate planning process likely should include special needs planning. Likewise, if you have a disability yourself, it is important to consider special needs planning in connection with any other estate planning you… Read More »
Top Things to Know About Medicaid for Older Adults
If you have earned a relatively good income for most of your adult life, or your elderly parents lived relatively comfortably on a steady salary during their working years, the idea that you need to know about Medicaid and Medicaid planning may surprise you. For many Connecticut residents, they know about Medicaid solely as… Read More »