Author Archives: Jay Butchko
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 »
Planning For Your Digital Assets In Your Estate Plan
When we think of assets and the property that we want to plan for or to pass on to our beneficiaries, we often think of physical assets or property. But there are also those assets that are in our computers, in our accounts, or in the cloud—that is, our digital assets. When making an… Read More »
An Occupancy Trust Can Help Multiple People In Your Estate Plan
When it comes to real property, like homes, there really are two separate rights. One right is the right to actually live in the property, and make it your home. That’s just possession, much like a tenant would rent property from a landlord. Then there is actual ownership, which gives someone the right to… Read More »
What Does Undue Influence Look Like?
Although it is true that the purpose of good estate planning is to avoid probate court, and to avoid challenges to your estate, things can happen that can lead to a challenge, even with the best laid plans. Challenges to your estate plan in probate court can be very stressful, and a scenario that… Read More »