Author Archives: Jay Butchko
Long Term Care Planning In Your Estate Plan: What Are The Differences?
If you are creating an estate plan, one thing you may be considering is planning for long term care, and the expenses related to it. That may be care for you, or leaving money to help care for a loved one, if and when he or she needs long term care. Long Term Care… Read More »
Health Care Directives And POLST Orders: What’s The Difference And Do You Need Both?
Many of us are aware of the importance of the documents that direct others as to our healthcare, when we get ill, or when we get too infirm or unable to make our own medical and healthcare decisions. But there is a lot of confusion about two different types of documents, that sound similar,… Read More »
Protecting Assets From Medi-Cal Recovery
California’s Medi-Cal program is a great program where the state can assist the elderly in the expenses needed, related to medical treatment, managed care and nursing home care. The program allows those who otherwise couldn’t afford it, to get medical, nursing home and similar care. The problem however, is that after the recipient passes,… Read More »
Joint Property Ownership Can Be An Estate Planning Tool
When it comes to estate planning, many of us think of going to an estate planning attorney and doing up an entire estate plan. But many people don’t realize that one part of estate planning happens before you actually make an estate plan: it’s when you buy property. That’s because buying a home or… Read More »
Keeping Inheritances Out Of Creditors’ Hands
Let’s say that you want to leave money or assets to someone in a trust. There’s one problem: The person you are leaving the assets to, has or may have, a lot of creditors. The last thing you want is for money that you leave to this person, to be taken by his or… Read More »
Unclear And Subjective Trust Conditions Can Lead To Legal Problems
Many of us will be left an inheritance in a trust, or we will create a trust for the benefit of our friends or family members. And with that trust will come terms and conditions for the distribution of those assets. A trust can have many conditions or goals to be met, before the… Read More »
Handling Cryptocurrency In Your Estate Plan
As time goes on, cryptocurrency like Bitcoin and others is becoming a larger part of our wealth and assets. That means that they should be accounted for in any estate plan. But there are legal and technological issues in estate planning for cryptocurrency that you should be aware of, and prepared to deal with,… Read More »
Limitations Of Transfer On Death Deeds-Be Careful!
A transfer on death deed can be a valuable asset in your state planning tool box. As the name implies, a transfer on death deed is a deed to property that automatically transfers to someone else, whomever you name as the beneficiary, upon your passing. One major benefit to this deed, is that the… Read More »
How To Choose An Individual Trustee For Your Trust
If you are using or forming a trust as part of your estate planning strategy, you will need a trustee. A trustee administers the trust, manages it, and makes sure the assets or property put in the trust are distributed as you want them to be. Corporate Trustees For large estates, there are corporate… Read More »
Late Simpson’s Creator Had Problem With His Pet Trust – Don’t Make The Same Mistakes
In your estate planning documents, we often plan for everybody we can think of, from friends to family to charities. But what about our pets? What will happen to your pet after you pass? Yes, you can leave your pet to whomever you want in your estate documents (or if you have no estate… Read More »