Author Archives: Jay Butchko
Should A Senior Spend Down Their Savings?
Over the course of a lifetime, people work and grow their financial and property assets. The earnings people have made have been saved and invested and can be modest to substantial. No matter how modest or robust one’s savings are, the thought of how to handle expenses after retirement while also providing for beloved… Read More »
What Are The Main Differences Between Estate Planning And Estate Planning For Medicaid?
If you expect to need Medicaid, then you should create or update your estate plan for this potential. The truth is, that estate planning and estate planning for Medicaid are two different animals. When you are planning with Medicaid as a factor you have to do so in such a way that preserves your… Read More »
Types Of Special Needs Trusts
When a person is receiving government benefits like Medicaid, these benefits do not cover all of the costs of daily life. Potentially, you may be taking care of these extra expenses for your loved one while you are still living, but if you pass on before your loved one, you will no longer have… Read More »
Can You Gift Your Wealth To A Family Member To Qualify For Medicaid?
Medicaid is a program that is funded by the federal government but administered by the state of Connecticut through the Department of Social Services to help low-income and low-asset individuals get assistance with various healthcare needs. Seniors can be eligible for Connecticut Medicaid benefits but they have to meet certain requirements. Specifically, there are… Read More »
How Can Workers’ Compensation Deny Your Claim?
If you file your claim with your employer’s insurance provider but it is denied, this may come as a shock and be quite distressing. Thinking about the long road you have to recover, how costly your medical expenses are, and what you are going to do about your income when you cannot work are… Read More »
Reasons Why Your Workers’ Compensation Claim Was Denied
If you were injured while you were at work you may want to have access to your company’s workers’ compensation insurance to help you pay for your injury and rightfully so. Connecticut workers’ compensation coverage is required for businesses with employees or those that use contractors that do not carry insurance. This means it… Read More »
What Does Medicare Pay For With Long-Term Care?
As we age our parts start to break down and our immune systems are not as strong at defending against diseases. It is just a part of life, and no matter how hard you try to keep yourself in great shape, it is much more difficult to stay healthy in older age and anything… Read More »
Will Your Medicare Coverage Pay For Long-Term Nursing Home Services?
If you have never looked into the costs of long-term care, you may be surprised at how expensive it can be. Currently, it is averaging $15,000 per month and more. Depending on your circumstances, if you think that your Medicare coverage will pay for those costs, this will not be the case. The last… Read More »
How Estate Taxes Work In Connecticut
A common question we get is, “Will my heirs have to pay an estate tax?” In most cases unless the current laws change, the answer is no. The estate tax only applies in cases where individuals die leaving millions of dollars in assets. Still, because laws change, it is important to understand how the… Read More »
Connecticut Conservatorships
Connecticut law allows for both voluntary and involuntary conservatorships. A conservator is someone appointed by a court to manage the personal or financial decisions on behalf of an adult who lacks the capacity to handle their own affairs. In the case of a voluntary conservatorship, a person who recognizes their own incapacity or inability… Read More »